Maintaining minimum Fund in Bank account

[raju.gunnal]

Hi All,
It might be silly question but it seems to be lot of confused one. When we get ITA from CIC we have to show CIC bank balance of CAD$12,000.

My question is how do we need to show an amount of CAD$12,000 is that one time or over the period of time.

For example - I received ITA on July 1st and from January to June month do i need to constantly maintain CAD$12,000 amount or if i suddenly deposit huge amount in the month of May to reach CAD$12,000 figure.

How do CIC calculate it, please explain.

Thanks in advance.

 

[gmalh12]

Hi,

I am planning to create my express entry profile. My spouse would be the primary applicant.

I have few doubts regarding proof of funds:

1) Is joint account is accepted? If yes, how old it should be?
2) Can anyone of us do the transaction in this joint account? Suppose our contribution is 50-50 and we are reaching the target of 13 lakhs. Would they consider it as one income??
3) Can we show EPF?
4) Our major portion is saved in SIP- Mutual funds, that could be transferred to our accounts in 20 days. Is this accepted as a fund of proof?

Please share some insights.

Regards
Gaurav