Proof of Funds (Express Entry)

[jackdawn]

Hi - I need a help - I have all the required funds in one of my account (Kotak), have few more accounts as well (HDFC and Citi).
Also two credit cards from two difference banks (Kotak and HDFC) and No loans -
Do I need to take PoF statement from all the banks (Kotak, HDFC and Citi) or only from the bank I have the funds to show? Please help. Thanks in advance

hey, if u have the required POF in once account you can submit that account only

 

[vishalg]

Hi - I need a help - I have all the required funds in one of my account (Kotak), have few more accounts as well (HDFC and Citi).
Also two credit cards from two difference banks (Kotak and HDFC) and No loans -
Do I need to take PoF statement from all the banks (Kotak, HDFC and Citi) or only from the bank I have the funds to show? Please help. Thanks in advance

Only from the bank where you have sufficient funds

 

[kathir_mms]

hey, if u have the required POF in once account you can submit that account only

Thanks

 

[tabish87]

Hi ...i have a question regarding proof of funds for ITA, my father would be providing funds for immigration, would a gift deed and bank statement (one month) showing the amount in my account would be sufficient, i would be showing around CAD 35,000.00. or do i need to show gift deed and last 6 month bank statement (i have not used my bank account for the last couple years as i was using my company account).

 

[KiranK]

Hi ...i have a question regarding proof of funds for ITA, my father would be providing funds for immigration, would a gift deed and bank statement (one month) showing the amount in my account would be sufficient, i would be showing around CAD 35,000.00. or do i need to show gift deed and last 6 month bank statement (i have not used my bank account for the last couple years as i was using my company account).

You need to show gift deed, and also average balance of last 6 months on a balance certificate issued by the bank on its letterhead.

 

[notusman]

Hi,

With my current job i have accumulated 10,000 CAD as Gratuity (end of service benefits), can i use it as a Proof of funds along with my current bank balance?

Usman
received ITA 2 days ago.

 

[drkunalrgupta]

That's the point - For example, I have been raising these funds for several years and if something happens during these 6-months and i won't be able to have my money back i think i will have to forget about Canada for another few years (( By the way, requesting to show 6-months bank statements is not obligatory in each particular case.

It'd be a relief if they do not ask for last 6 months bank statement, coz I arranged the funds from my parents, which is obviously not borrowed, but a gift. I even have gift certificates for the same. Would that save me from any trouble?
Thanks in advance

 

[v_sunny]

Hey guys! I understand we could show gift deed from parents if we don't have sufficient balance.

I am currently in Canada on Study permit and got an ITA.

Can anybody throw some light on where can I show these funds? Is it ok to show it in my Indian account? or shall I transfer that amount here to Canada?

 

[bukhari917]

I have a farm house and an apartment but not enough bank balance. Can i show the property documents papers as proof of funds?
I don't want to sell it for now.

 

[vishalg]

Hey guys! I understand we could show gift deed from parents if we don't have sufficient balance.

I am currently in Canada on Study permit and got an ITA.

Can anybody throw some light on where can I show these funds? Is it ok to show it in my Indian account? or shall I transfer that amount here to Canada?

You can show any account opened anywhere across the world provided you're able to get the required letter from the bank

 

[vishalg]

I have a farm house and an apartment but not enough bank balance. Can i show the property documents papers as proof of funds?
I don't want to sell it for now.

No, you can show funds after selling the assets.

 

[bukhari917]

No, you can show funds after selling the assets.

Anyother option? Any jugar (legal)?

 

[vishalg]

Anyother option? Any jugar (legal)?

You can get a gift from your family.

 

[LanaS]

It'd be a relief if they do not ask for last 6 months bank statement, coz I arranged the funds from my parents, which is obviously not borrowed, but a gift. I even have gift certificates for the same. Would that save me from any trouble?
Thanks in advance

Heyyy, drkunalrgupta, stop worrying )) I arranged gift agreement from my parents and notarized it. By this time, Ontario province accepted it and now I am on the federal track - so far, all is okay))

 

[bukhari917]

You can get a gift from your family.

Is it possible that I take half from sibling and half from a friend? Do i need to take multiple gift deeds?
And what if i have half amount in Pakistan and half amount in China? how to manage?