Can A fix amount money for 1 year be an alternative of 6 month bank statement

[Syed Arsalan]

Hello Sir

I want to discuss some thing about you people during our process in our immigration.
We faced one problem they asked 6 month bank statement. we dont have but in alternate we have

1)For one year Fixed deposit amount already we have according to Canadian requirement funds.
2)In our provincial dealing we had account an old account and we gave 6 month statement when Provincial Govt ask . But after some time that bank convert to another bank and they were not giving good profit i mean less percent profit they were giving so we change our account to another bank and transfer required fund for immigration to another bank on fed 2012. and we fixed for one year. now London officer is asking 6 month statement. But in statement the required amount cannot be shown because it is fixed and in under use of the bank but when we want that money bank will give us easily. So we are sending a Mentained Fund letter on the name of immigration officer by bank manager. He is ready to give prove that we are not fake we have amount that is enough to the requirement of immigration.
So tell me it is the alternate solution of 6 month statement ??



Reply (Professional/Senior People)




Regards
Syed Arsalan Ahmed

 

[Pippin]

The rationale for providing a 6 month bank statement is to show you have sufficient funds and they are yours, not recently deposited by someone else in your account. Having a 1 year fixed amount MORE than covers that requirement. Moving it from a low interest account to a new bank is a smart move. Just provide the statement from the original account, showing the amount you moved to the newest account, that you have held those funds from longer than 6 months, and that will satisfy the VO. The amount in the fixed account MUST be able to be removed before you come to Canada. It has to be "liquid", so if it could not be cashed for a number of weeks/months after your landing date, there would be a problem.

 

[Pippin]

I see this question has been answered on the FSW forum and the indication is that Fixed Deposits are NOT acceptable. http://www.canadavisa.com/canada-immigration-discussion-board/can-a-fix-amount-money-for-1-year-be-an-alternative-of-6-month-bank-statement-t106970.0.html This only makes sense to me if the funds cannot be cashed in advance of your planned landing, otherwise they would not be considered LIQUID. If I had funds locked in until February 2013 and I was not planning to leave for Canada until March 2013, I would certainly want to question CIC about accepting this as proof I had the funds.

The questions: are your funds cashable before the year is over and when do you hope to land in Canada? If you are not planning to fly until after you can cash the fixed deposit, I would include a detailed cover letter explaining the steps you took and include proof of the date on which you can cash in the deposit.

 

[Syed Arsalan]

the funds are easily be cash able written by the manager to immigration officer now will it work?

 

[Syed Arsalan]

the funds are easily be cash able written by the manager to immigration officer now will it work?
and we have statement and that from Feb, march , may we have profit of that fixed amount this is the solid prove that the money is ours and manager is also writing that we have fixed it and its liquid also ,


will it ok or acceptable??