mithun.togari
Star Member
Posts: 62
Ratings: +1/-4
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« on: March 14, 2010, 08:59:56 am » |
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hi guys..
i am having problem regarding proof of funds, i actually don't have $10,000 (5 lakhs INR ) liquid cash with me..
1) can i provide a property evaluation that is worth 5 lakhs, can i get a bank statement that shows the property is worth 5 lakhs.
2) is it compulsory show them that i have $10,000 in my bank account and if i manage to show the amount for how many months should i keep in my account..
pliz guys need help i don't want to waste time.. any suggestion pliz let me know
thanx in advance
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irshad2005
Hero Member
Posts: 294
Ratings: +8/-7
Category........: FSW1
Visa Office......: New Delhi, India
NOC Code......: 0213
Pre-Assessed..: Yes
App. Filed.......: 14-12-2009
Doc's Request.: 18-02-2010
AOR Received.: 18-02-2010
File Transfer...: 08-03-2010
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« Reply #1 on: March 14, 2010, 09:09:06 am » |
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You need to show liquid money that can be easily transferable.
House i don't think so buddy
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CIO - 14/12/2009
AOR - 18/02/2010
File Transferred - 24/02/2010
Docs Sent - 08/03/2010
Docs Recd - 09/03/2010
ECase-Status - Recd by Visa Office - 15/03/2010
2nd AOR - 25/03/2010
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ranbir
Full Member
Posts: 33
Ratings: +3/-3
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« Reply #2 on: March 14, 2010, 09:16:33 am » |
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hiii
irshad is right,chc new delhi dont accept property as transferable funds.you have to keep that amount till u get your visa.
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huanhuan19
Hero Member
Posts: 203
Ratings: +7/-4
Category........: FSW1
Visa Office......: was in Buffalo, USA, later in NY on Aug11,09
NOC Code......: 4131
App. Filed.......: 14-10-2008
Doc's Request.: 03-12-2009
AOR Received.: 26-02-2009
File Transfer...: 11-08-2009
Med's Request: 03-12-2009
Med's Done....: 23-12-2009
Interview........: waived
Passport Req..: 27-01-2010
VISA ISSUED...: 22-02-2010
LANDED..........: ??-??-2010
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« Reply #3 on: March 14, 2010, 02:06:24 pm » |
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Hey
I did not keep the safe amount since I initially submitted my application until about 1 year (Nov,2009) I finally had enough savings. Luckily in December, 2009, they requested proof of funds and I gave them two months bank statements with sufficient money. It then worked.
I applied at NY office.
Good luck with yours,
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Points:68
NY Local Office
Ecas in process:Nov11,09
RPRF/PCCs req:Dec3,09
Meds rec'd:Dec31,09
Ecas meds rec'd:Jan18,10
RPRF cashed:Jan12,10.
CAIPS ordered:Dec19,09
CAIPS rec'd:Feb11,10
PPT sent:Feb11,10
Ecas decision made:Mar1,10
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rocky272727
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« Reply #4 on: March 14, 2010, 03:03:35 pm » |
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hi guys..
i am having problem regarding proof of funds, i actually don't have $10,000 (5 lakhs INR ) liquid cash with me..
1) can i provide a property evaluation that is worth 5 lakhs, can i get a bank statement that shows the property is worth 5 lakhs.
2) is it compulsory show them that i have $10,000 in my bank account and if i manage to show the amount for how many months should i keep in my account..
pliz guys need help i don't want to waste time.. any suggestion pliz let me know
thanx in advance
Most importantly kindly tell us which local visa office you have selected for processing. Accordingly your question can be answered. |
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mithun.togari
Star Member
Posts: 62
Ratings: +1/-4
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« Reply #5 on: March 15, 2010, 12:03:05 am » |
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hey thanx a lot guys... my local CIO is NEW Delhi...
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rocky272727
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« Reply #6 on: March 15, 2010, 01:57:12 am » |
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hey thanx a lot guys... my local CIO is NEW Delhi...
FYI SETTLEMENT FUNDS
Refer to the "Proof of Funds" section of our Web site for exact figures and
instructions.
Provide proof of unencumbered and readily transferable funds in a convertible
currency available for settlement in Canada (for you and your family members):
• current bank certification letter; or
• evidence of savings balance; or
• fixed or time deposit statements. |
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jeby
Star Member
Posts: 196
Ratings: +4/-5
Category........: Other
Visa Office......: New Delhi
NOC Code......: 5111
Pre-Assessed..: Yes
Med's Request: 15-12-2009
Med's Done....: 11-01-2010
Passport Req..: 15-12-2009
VISA ISSUED...: 22-02-2010
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« Reply #7 on: March 15, 2010, 02:33:56 am » |
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Dear friends,
I respect rocky's comments, and pay attention to his replies in most of the threads.. this is just to supplement his comment.
I am not sure about the current situation, but when I applied (that was 7 years back, guys !!) it was different. I had not have that much cash in my hand, so as advised by my consultant, I provided the value of our ancestral property along with bank statement to support my claim. (I submitted the value of the property, evaluated by Chartered Accountant and notarized by Notary Public). Consultant advised at that time that, it is possible to submit value of jewellery, car, land etc at the time of application.
It was just for filing the application. During the time of landing we need funds (Either in the form of cash, bank statements, Securities or Negotiable instruments in bearer form etc..), No tangible property allowed.
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"If you want to go fast, go alone: If you want to go farther, go together"
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mithun.togari
Star Member
Posts: 62
Ratings: +1/-4
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« Reply #8 on: March 15, 2010, 09:11:49 am » |
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hey jerby... thanx for ur opinion, can i keep the property evaluation for proof of funds...$10,000 is lot of money to keep in account for many months i.e till i get the visa...
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jeby
Star Member
Posts: 196
Ratings: +4/-5
Category........: Other
Visa Office......: New Delhi
NOC Code......: 5111
Pre-Assessed..: Yes
Med's Request: 15-12-2009
Med's Done....: 11-01-2010
Passport Req..: 15-12-2009
VISA ISSUED...: 22-02-2010
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« Reply #9 on: March 15, 2010, 11:23:22 pm » |
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hey jerby... thanx for ur opinion, can i keep the property evaluation for proof of funds...$10,000 is lot of money to keep in account for many months i.e till i get the visa...
Dear Mithun, Do you have a consultant? Before making a decision please consult with either them or experts like qorax in this forum. I have submitted my file with property valuation as a portion of required funds. Besides, you may have show some other means of funds also like bank statements.. |
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"If you want to go fast, go alone: If you want to go farther, go together"
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accounts
Hero Member
Posts: 762
Ratings: +52/-117
Category........: FSW1
Pre-Assessed..: Yes
VISA ISSUED...: 28-12-2010
LANDED..........: Tickets Confirmed
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« Reply #10 on: March 15, 2010, 11:31:39 pm » |
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hey jerby... thanx for ur opinion, can i keep the property evaluation for proof of funds...$10,000 is lot of money to keep in account for many months i.e till i get the visa...
Dear Mithun, Earlier I was very active on discussion forums. But after getting visas , my blogs or suggestions reduced. I hope you are working somewhere. You can also submitt Provident fund statements. Go for a personal loan (ensure EMI should not be from ur salary account), make the FDRs from the loan amount. after visa arrives repay your loans. |
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If u born in poor family, then its is not the crime. But if u die poor, it is the biggest crime.
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namasteindia
Star Member
Posts: 128
Ratings: +3/-4
Category........: FSW1
Visa Office......: INDIA
NOC Code......: 0213
App. Filed.......: 13-05-2010
Doc's Request.: WAITING
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« Reply #11 on: April 10, 2010, 02:52:18 am » |
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Property can also be shown as proof of fund or not??? My father in law as a piece of land which is worth around 5 lakhs so can this land be transferred in my husbands name and shown as funds http://www.canadainternational.gc.ca/russia-russie/visas/funds-fonds.aspx?lang=eng |
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visaexpert4indians
Hero Member
Posts: 262
Ratings: +29/-41
Category........: FSW1
Visa Office......: NEW DELHI
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« Reply #12 on: April 10, 2010, 06:57:37 am » |
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hi guys..
i am having problem regarding proof of funds, i actually don't have $10,000 (5 lakhs INR ) liquid cash with me..
1) can i provide a property evaluation that is worth 5 lakhs, can i get a bank statement that shows the property is worth 5 lakhs.
2) is it compulsory show them that i have $10,000 in my bank account and if i manage to show the amount for how many months should i keep in my account..
pliz guys need help i don't want to waste time.. any suggestion pliz let me know
thanx in advance
Dear mithun, Do not worry about the proof of fund.... Just fill the form and write in amount they required in CAD...i.e. $10,000 Do not show them proof of fund or any bank account till the stage of medical. On the time of medical- last stage of visa approval, arrange liquid money in bank account and show them, after that it will take just 2 month to get permanent visa. Do not show any property, show liquid amount in bank account.... Here is the case who get proof of fund request at the time of medical.. http://www.canadavisa.com/canada-immigration-discussion-board/recvd-medicals-but-it-asks-for-proof-of-funds-also-t38816.0.html;msg259746#msg259746Here is the case who rejected because of not showing liquid money http://www.canadavisa.com/canada-immigration-discussion-board/application-rejected-t38657.0.html;msg258716#msg258716Do not make mistake.... |
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Whoever you may be,
wherever life leads you,
You are always a mom's child,
a dad's dream,
a family's future,
a friend's heart and
Someone's life.
Be the be......
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somesh
Star Member
Posts: 81
Ratings: +2/-8
Category........: FSW1
Visa Office......: CHC delhi.
NOC Code......: 1111
App. Filed.......: 26 march 2010
Doc's Request.: 8th june 2010.
AOR Received.: 8th june 2010.
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« Reply #13 on: April 10, 2010, 07:36:50 am » |
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hi frnds!
my question is if someone has enough liquid funds to show,is there any need to show the other fixed assets or merely a bank statements would suffice?
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best
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visaexpert4indians
Hero Member
Posts: 262
Ratings: +29/-41
Category........: FSW1
Visa Office......: NEW DELHI
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« Reply #14 on: April 10, 2010, 07:45:26 am » |
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Canadian embassy is not interested how much property/ car/ bungalow you have .....
If you show liquid money in bank account, it is enough to satisfy them....
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Whoever you may be,
wherever life leads you,
You are always a mom's child,
a dad's dream,
a family's future,
a friend's heart and
Someone's life.
Be the be......
visaexpert4indians is now using visaexpert login id....
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