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Ray of Hope - 92nd Draw

joelfernandes said:
Hi Guys

A tad lengthy one. Apologies for the same

Need some advise and guidance on my POF situation

I’m an overseas worker that sends intermittent remittances to my account in India.

The funds in the account are more than sufficient to meet the funds requirement.

However I’ve read on a couple of places and on forums that internment high value transactions in the account may be an issue and the source of the amounts may be queried.


The funds in question have all been sent across by myself from overseas and I have the bank transfer slips.


My concern is if wether such remittances would be queried ?

If I have to show local account details in the country I work it might be a problem as I haven’t Managed this account well and have loan and credit payments going out from this account.

Very concerned as a few members have already declined an ITA
Would appreciate any guidance on how I could sort this
Click to expand...
If the net amount (total balance in both accounts minus credit/loan amount) has been more than the required amount for 6 months, you are good to go.
 
joelfernandes said:
Thank you Nomad
Appreciate your help
Sets my mind at a bit at ease
Click to expand...
Joel what I would recommend is that if you can get a letter from your bank in India which states the closing balance and account when it was opened should be a good enough letter for your PoF.
Get this letter just around the same time you are submitting your PR application after you have received the invitation to apply(ITA). They want to see that when you land here you have access to these funds for your day to day errrands and emergencies.
 
bimale4bipeople said:
Joel what I would recommend is that if you can get a letter from your bank in India which states the closing balance and account when it was opened should be a good enough letter for your PoF.
Get this letter just around the same time you are submitting your PR application after you have received the invitation to apply(ITA). They want to see that when you land here you have access to these funds for your day to day errrands and emergencies.
Click to expand...

Hi Bimale
Thanks

So if I understand correctly the letter would just state the opening date on the account and the closing balance ?

Any idea what the letter is specifically called ?

I’m banking with Axis bank in India - will write to my rep to check the possibility to get this letter.
Most people go for a statement of account for 6 months If I’m not mistaken
 
abnzyr18 said:
Do you think the 438s will be cleared this year ?? The score is just not going below 440.
Click to expand...
I think so...438s will be cleared if the current trend that started since March continues... As the numbers of 441+ in the pool keep decreasing...
 
joelfernandes said:
Hi Bimale
Thanks

So if I understand correctly the letter would just state the opening date on the account and the closing balance ?

Any idea what the letter is specifically called ?

I’m banking with Axis bank in India - will write to my rep to check the possibility to get this letter.
Most people go for a statement of account for 6 months If I’m not mistaken
Click to expand...

One such sample from Royal Canadian Bank is available from the link: http://www.doctemplates123.com/temp...etter-9-examples-in-word-within-artru-482611/
another one from TD Bank is available on the Canadavisa thread: https://www.canadavisa.com/canada-immigration-discussion-board/threads/bank-statements.271832/

For my own application, I used a bank statement of 6 months but my statement did not have any major deductions/withdrawals, that's why i was suggesting you the PoF letter from the bank.
You can search for more threads here on this forum title Proof of Funds to get more clarity.

Hope this helps.
 
bimale4bipeople said:
One such sample from Royal Canadian Bank is available from the link: http://www.doctemplates123.com/temp...etter-9-examples-in-word-within-artru-482611/
another one from TD Bank is available on the Canadavisa thread: https://www.canadavisa.com/canada-immigration-discussion-board/threads/bank-statements.271832/

For my own application, I used a bank statement of 6 months but my statement did not have any major deductions/withdrawals, that's why i was suggesting you the PoF letter from the bank.
You can search for more threads here on this forum title Proof of Funds to get more clarity.

Hope this helps.
Click to expand...
Thank you
 
not sure if this is of any help here for you all...

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