edapras said:Hello Asivad,
I have some cash deposited by my Mother in Law in my Indian bank account. I am going to use this in my POF. For this i would need to show gift needs and such supporting documents. However some people are suggesting to move the cash in my account to FD's and then show the FD certificate alone. In the case of FD's will CIC not ask for the source of funds?
Besides, my FD is going to be relatively new. I am not sure how CIC will not ask for Source of Funds for FD's and ask the source of funds for cash in the bank account?
Can you please help !
Whether FD or account, CIC will ask for source of funds if the monies have been with you for less than 6 months.