Settlement Funds Query

[ksbachher]

Hi I had 800000 in my new account which I submitted while submitting application for FSW 2014 I opened this account delicately for FSW . Now I have got my file number but due to some reason i had to close operating that account I had to withdrawn all the money from that account . plz guide me what to do , but have another account which I can show as proof of funds .

I currently have money in my mutual fund 6.5 Lakh which i will withdraw and they will come into this account . Will I have any problem in my process ,

Plz revert

 

[future_canadian]

As long as you have the required amount of settlement funds at each stage where you are required to do so it doesn't matter if the accounts change. You may need to show the history of the accounts though, or you may be asked to explain the source of the funds.

 

[ksbachher]

Can you plz explain me what kind of explanation they look for when it comes to sources of funds . eg suppose my my bank statement shows that the money I have got in my account is from redemption of my mutual funds now do the Canadian govt will ask how i got money to invest in mutual funds when I invested them.