And for the purpose you get an NOC signed by your spouse for the usage of funds.
Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
You have to prove six months balance for the minimum required amount for 2 persons. If there is anyshortfall, Get a gift deed by your preferably by your immediate relative.
A sudden credit should always be appropriately supported
Bank A: You need a latest bank letter with all the required details. Bank Statements should be signed and stamped by the bank. Online bank statement is generally not acceptable for visa purposes. even if there is no or less movement, bank letter should be recent.
Bank B: you need to disclose the loan amount. Ask your bank to provide you a liability letter stating the outstanding amount. No Bank should refuse it.
Banks dont give Average balance for six months normally, six months bank statement would be enough.
So guys what if I dont have the money in my savings accounts but parked in FD's and Mutual Funds?
Are Mutual Funds statements accepted? I saw this as an acceptable POF in ONIP document. Also If I show in FD's that I have enough POF along with a bank letter showing my accounts in the bank with date of opening and balances. Do I still need to show my bank statement for my savings accounts for 6 months, as there are not many major transactions in that account?
Please suggest
Are Mutual Funds statements accepted? I saw this as an acceptable POF in ONIP document. Also If I show in FD's that I have enough POF along with a bank letter showing my accounts in the bank with date of opening and balances. Do I still need to show my bank statement for my savings accounts for 6 months, as there are not many major transactions in that account?
Please suggest
FD is acceptable and if you can prove the six months through FD start date / bank letter than six months bank statement is not required.
I think if mutual fund's principal amount is not fluctuating (as the case with some types) then that can also be accepted.
But you need to disclose you liabilities anyways.
Great, My FDs are more than 1 year old so the bank letter will state that and I can download the deposit slip and get it stamped from the bank.
MF are tax saving so the are not much fluctuating but they have appreciated by around 20 % approx since inception and I am doing SIP so its increasing monthly. So should I consider the invested amount as the POF or the current balance with all the profits.
Also just online statements will work as I am not sure if I can get them signed and stamped from anywhere.
If you can prove that the amount will not deteriorate (showing the nature of MF) than I think you can claim that but Stamped statement will be required. your Fund Manager should be able to stamp the statement for you.
In context of the statement:
You may be able to count money in an account under their name only, but you must prove you have access to the money.
Will notarized affidavit from spouse, suffice? Stating that you can access to the money.
Hmm. Not sure how can I get in touch with the find manager. I will ask the banks from whom I have taken the SIPs to see if they can help me in this.
For accompanying Spouse, Only a simple NOC signed by her would be sufficient. No need to Notarize it.
Hi. I have an issue regarding proof of funds. My mother gifted me the amount in september and right now she is visiting my brother in Canada. She does not plan to return soon. Can i get the gift deed made from canada. It needs to have both my mother's and mine signature. Can i upload it without it and explain in the LOE? And what is the difference between Gift deed and affidavit. Do i need to have both?
You can have gift deed from your mother right now before her departure, if you intend to apply now.
