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

 

[jaggy999]

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

FD can be counted as legitimate settlement fund.......provide a bank certification letter stating that u hold the FD frm last 1 yr and also provide a covering letter to London VO and explain the situation......

If the money is urs...no need to worry

 

[saimahuz]

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

Please read the following email:


Dear Client,

This refers to your application for admission to Canada. PLEASE READ CAREFULLY AND FOLLOW THE INSTRUCTIONS AS GIVEN.

Please be informed that you application is ready for visa issuance. The medicals are valid till 31-12-2010. You are requested to comply with the below instructions only if you and family are able to travel Canada within in the MEDICAL Validity date; otherwise inform our office accordingly.

*************************************************************************************************************
You are advised to print, write your file number, insert date and completely fill in the enclosed form [PHEP] and submit with the following:

- Right of Permanent Resident Fee (RPRF) for you and your spouse

- Proof of transferable funds, in your name, in the form of original updated Bank Statement [Transaction Report 3-6 months] equivalent to CAD$23,364 from your bank showing that you have sufficient liquid funds, unencumbered by any debts or obligations.

Note: Bank Certificates / Letters, Joint Bank Account Statements (where co-holder is other than your spouse) or Bank Statement if it is in the name of the Company/Business, Bank Drafts, Saving/Investment documents, Fixed Deposits and Property Evaluation certificates are not accepted as proof of funds.


http://www.canadavisa.com/canada-immigration-discussion-board/proof-of-funds-requirement-bank-statement-or-fixed-deposits-t76171.30.html

 

[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??

 

[Syed Arsalan]

We are asking statement for my bank from 1 Dec 2011 to 4 June 2012 (that will be given to us tomarow ) means 6 months but we fixed required fund from 29 feb 2012,
now from 29 feb to 29 march ( First month of profit)
29 march to 29 aprial ( Second month of profit)
29 aprial to 29 may ( Third month of profit)

is mentioned in bank statement. And we are also attaching bank letter written for the name of visa office by bank manager and he has written its liquid amount and is also fixed for one year and under use of bank .
now is this a solution for the question of 6 month bank statement???

 

[carefore]

We are asking statement for my bank from 1 Dec 2011 to 4 June 2012 (that will be given to us tomarow ) means 6 months but we fixed required fund from 29 feb 2012,
now from 29 feb to 29 march ( First month of profit)
29 march to 29 aprial ( Second month of profit)
29 aprial to 29 may ( Third month of profit)

is mentioned in bank statement. And we are also attaching bank letter written for the name of visa office by bank manager and he has written its liquid amount and is also fixed for one year and under use of bank .
now is this a solution for the question of 6 month bank statement???

What is your current status? Medicals done or waiting for MR?

 

[coolguy2010]

Fixed Deposit is not considered as POF........???????

Please read the following email:


Dear Client,

This refers to your application for admission to Canada. PLEASE READ CAREFULLY AND FOLLOW THE INSTRUCTIONS AS GIVEN.

Please be informed that you application is ready for visa issuance. The medicals are valid till 31-12-2010. You are requested to comply with the below instructions only if you and family are able to travel Canada within in the MEDICAL Validity date; otherwise inform our office accordingly.

*************************************************************************************************************
You are advised to print, write your file number, insert date and completely fill in the enclosed form [PHEP] and submit with the following:

- Right of Permanent Resident Fee (RPRF) for you and your spouse

- Proof of transferable funds, in your name, in the form of original updated Bank Statement [Transaction Report 3-6 months] equivalent to CAD$23,364 from your bank showing that you have sufficient liquid funds, unencumbered by any debts or obligations.

Note: Bank Certificates / Letters, Joint Bank Account Statements (where co-holder is other than your spouse) or Bank Statement if it is in the name of the Company/Business, Bank Drafts, Saving/Investment documents, Fixed Deposits and Property Evaluation certificates are not accepted as proof of funds.


http://www.canadavisa.com/canada-immigration-discussion-board/proof-of-funds-requirement-bank-statement-or-fixed-deposits-t76171.30.html

 

[jaggy999]

Fixed Deposit is not considered as POF........???????

Even I'm stunned to read it........

 

[Pippin]

As most fixed deposits are LOCKED IN until maturity they cannot be considered LIQUID assets. In this case, the bank manager has written a letter stating that the funds are NOT LOCKED IN and can be cashed prior to February 2013 when they would normally mature. This sounds like a solution. However, and this is just my opinion, IF the visa process is close to the end and the plans are to leave for Canada as soon as possible (before February 2013), then what are the actual financial gains from leaving the money in a Fixed Deposit? Why take a chance that the VO might refuse to accept that these are liquid assets and either deny the application or delay the process requiring more documents? I can fully understand that back in February you didn't know how much longer this would go on and wanted to protect your nest egg, but now you are within sight of the finish line, I would be thinking seriously about cashing in the funds and putting them in the bank account giving the VO no reason to hesitate and leaving nothing to fate. Good Luck and let us know how things go.

 

[coolguy2010]

Thx Pippin.

The reason behind putting money into FD is to get better return.

We don't know when the case will be finalise,so blocked the funds.


Regards
Cool

 

[Pippin]

I get it, no one wants $23,000 sitting in an account earning little money. My point is, if Syed got the same letter that Saimahuz got, specifically stating that FD were not accepted, then why take a chance? The difference in monthly earnings between a bank account with the highest possible interest and the fixed deposit is probably not a lot of money. For the sake of that difference, is it WORTH it in the long run?

 

[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??

 

[saimahuz]

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??

Meaning of Fixed Deposit Account - Bank ↓

The account which is opened for a particular fixed period (time) by depositing particular amount (money) is known as Fixed (Term) Deposit Account.

The term 'fixed deposit' means that the deposit is fixed and is repayable only after a specific period is over

Under fixed deposit account, money is deposited for a fixed period say six months, one year, five years or even ten years. The money deposited in this account can not be withdrawn before the expiry of period.

The rate of interest paid for fixed deposit vary (changes) according to amount, period and from bank to bank.

 

[Pippin]

Did you get the same letter as Saimahuz stating on the bottom that FD was not accepted? The VO is the only one who can answer your question for sure. Send in your statement and the manager's letter and cross your fingers or follow the VO instructions exactly as they were given to you. From the documentation you provide, it will be clear that the funds are yours. It is the issue of whether or not the VO will accept FD as liquid funds (even with the manager's letter) or if he will just "go by the book" and decide you have not provided acceptable POF. This boils down to whether or not you are a gambler. Are you prepared to risk your application for the difference between the fixed deposit and savings account interest rates?
Please don't think I am being gruff. Written words don't always convey the sentiments. My concern is that you are SO CLOSE to completion, you have the power to comply with the VO request, but you want to bend their rules and so often they don't appreciate that. It feels like you are looking for reassurance that none of us has the right to offer. It is up to you now. All the best!

 

[Syed Arsalan]

kindly discuss this meter to professional person and report me hear