Anyone can help - Is PF and PPF can be shown as Proof of Fund?????

[Aalan]

[size=10pt][size=10pt][size=10pt][size=10pt]Seniors Can anyone help on this query - Is PF and PPF can be shown as Proof of Fund?????[/size][/size][/size][/size]

 

[Jkal]

It depends on the VO but you should mostly consider it as NO as you can't withdraw this fund immediately (and thats definition of POF)

 

[ash137]

It depends on the VO but you should mostly consider it as NO as you can't withdraw this fund immediately (and thats definition of POF)

PF can be withdrawn once you quit your job... I think that should be considered as valid POF... has anyone used India PF for POF and been successful ?

 

[ash137]

PF can be withdrawn once you quit your job... I think that should be considered as valid POF... has anyone used India PF for POF and been successful ?

Any views on using PF as POF ?

 

[Asivad Anac]

Any views on using PF as POF ?

This is what CIC says about POF. What anyone else says doesn't matter. Only this does.

Proof of funds

Purpose

To confirm whether the applicant meets the low income cut-off (LICO), as assessed by amount of money they hold compared to the number of people in their family

Document requirements

The applicant should provide official letter(s) from financial institution(s) which list all current bank and investment accounts, as well as outstanding debts such as credit cards and loans.
The letter(s) must be printed on the letterhead of the financial institution and must include applicant’s name, the contact information of the financial institution (address, telephone number and e-mail address), the account numbers, dates of when each account was opened and the current balance of each account as well as the average balance in the past six months.
Other documents may also be requested, as necessary.

Individuals who must submit this documentation

The principal applicant