Proof of Funds (Express Entry)

[vishalg]

I saw people's passports getting stamped but I wasn't sure for what. In the meanwhile my token number was called and missed track of asking about it. I hope it is not an issue.

If there is someone who has been to the PSK recently, I hope they will reply.

Usually the passport is stamped and signed using a green pen. Check with other users on other threads such as AOR in June. They'll be able to help you out with the latest info. If you need to get the stamp on passport you have to visit the passport office again and request the passport officers

 

[DSpartners]

Yeah right. I'll do that. Thank you @vishalg !

 

[moonarch]

There is no problem with multiple gift deed. If you're getting the gift from same person then get one gift deed with the mention of all transactions.

Thx a bunch...

 

[nsbhullar]

Can I use
1) Provident Fund Money Approx Rs 150,000
2) SBI PPF Account Money Approx Rs 200,000
3) Mutual Fund Money Approx Rs 50,000

as proof of fund. or Is it safe show these items as proof of fund.
please suggest.

 

[rohitbites]

Can I use
1) Provident Fund Money Approx Rs 150,000
2) SBI PPF Account Money Approx Rs 200,000
3) Mutual Fund Money Approx Rs 50,000

as proof of fund. or Is it safe show these items as proof of fund.
please suggest.

PF money you can show. For that you need to take the latest statement from EPFO site, and also provide a LOE that the funds belong to you, and the entire funds will be available for withdrawal after you quit your job. You can also request your company HR to provide you such a letter since they are managing your PF account. Get the letter notarized.

As for Mutual Funds, you may have to sell off those units and get the money in your bank account. CIC specifically mentions, that the POF should be readily available in the bank account. The reason they don't accept MF statements as POF cos the funds are still linked to the market and subjected to market risks.

PPF - This one is also tricky as PPFs have lock-in periods, and you cannot withdraw them prior to maturity. You might have to check with others on the forum as to how one can use PPF.

 

[vishalg]

PF money you can show. For that you need to take the latest statement from EPFO site, and also provide a LOE that the funds belong to you, and the entire funds will be available for withdrawal after you quit your job. You can also request your company HR to provide you such a letter since they are managing your PF account. Get the letter notarized.

As for Mutual Funds, you may have to sell off those units and get the money in your bank account. CIC specifically mentions, that the POF should be readily available in the bank account. The reason they don't accept MF statements as POF cos the funds are still linked to the market and subjected to market risks.

PPF - This one is also tricky as PPFs have lock-in periods, and you cannot withdraw them prior to maturity. You might have to check with others on the forum as to how one can use PPF.

PPFs have lock-in and won't accepted as there are strict withdrawal clauses.

 

[nsbhullar]

PF money you can show. For that you need to take the latest statement from EPFO site, and also provide a LOE that the funds belong to you, and the entire funds will be available for withdrawal after you quit your job. You can also request your company HR to provide you such a letter since they are managing your PF account. Get the letter notarized.

As for Mutual Funds, you may have to sell off those units and get the money in your bank account. CIC specifically mentions, that the POF should be readily available in the bank account. The reason they don't accept MF statements as POF cos the funds are still linked to the market and subjected to market risks.

PPF - This one is also tricky as PPFs have lock-in periods, and you cannot withdraw them prior to maturity. You might have to check with others on the forum as to how one can use PPF.

Thanks Friend...

 

[Ayman56]

Hi guys
I have enough money on my US paypall account. Could online bank statement from paypall (pdf) help as Proof Of Funds for EE?
I heard that submitting online bank statement could lead to a rejection? Is that true?

 

[vishalg]

Hi guys
I have enough money on my US paypall account. Could online bank statement from paypall (pdf) help as Proof Of Funds for EE?
I heard that submitting online bank statement could lead to a rejection? Is that true?

Online statements are not accepted. You can print them and get it signed and stamped by the bank.

 

[Ayman56]

Online statements are not accepted. You can print them and get it signed and stamped by the bank.

Thanks vishalg for your answer!
However, it is paypal account. How can I make it signed? There is no such thing with Paypal I guess...

 

[vishalg]

Thanks vishalg for your answer!
However, it is paypal account. How can I make it signed? There is no such thing with Paypal I guess...

I am sorry, not aware of how it works with PayPal. I would advise you to get others' opinion on this who have had experience with paypal

 

[Faky201]

Thanks a lot.do I have to upload an acceptance affidavit because I am not in the same country

Get a notarized gift deed (on stamp paper, if applicable in your country), upload proof of transfer and also get a simple letter from your spoue mentioning the transfer and his no objection

 

[Vish7]

1> For eAPR, as a main applicant, do i need to provide my Mother's maiden name or name after marriage?
2> Can I upload documents on different different days post ITA? I mean say POF on Thursday, PCC on Friday, etc.? Or Do we need to upload all the documents at one go?
3? What happens if any doc is missing or incomplete in eAPR? is AOR rejected? Then do we just need to complete that document or does our ITA become invalid and we have to recreate EE profile from scratch?

 

[vishalg]

1> For eAPR, as a main applicant, do i need to provide my Mother's maiden name or name after marriage?post marriage name i.e. the one she currently uses
2> Can I upload documents on different different days post ITA? I mean say POF on Thursday, PCC on Friday, etc.? Or Do we need to upload all the documents at one go?you have 90 days to submit application. You can upload in 1 placeholder wait for 85 days and upload the remaining on 86th day. No problems with that.
3? What happens if any doc is missing or incomplete in eAPR? is AOR rejected? Then do we just need to complete that document or does our ITA become invalid and we have to recreate EE profile from scratch?it is rejected/ refused and you again wait for ITA.
But in some cases they might ask for additional document ( chances of this happening is very low)

 

[MDEVGAN]

Hello All

I have got a TD bank statement of past 6 months to show my proof of funds for express entry.

I am going to upload all my documents today. My bank statement is almost 1 week old. Does 7 days old bank statement work or the bank statement should be obtained on the day documents are transmitted in CIC website

Please help it's urgent thanks