Do we need to get funds letter from all the bank accounts?

[robinsinghsobti]

Hi,

I have most of my funds in my HSBC bank account, while my salary gets credited to my ICICI bank account, which can be seen in my salary slips. I have got funds letter from HSBC, which shows my funds exceeding the LICO. But I didn't get a letter from ICICI bank. My question is:
Won't it be a misrepresentation, as they would know that the person is maintaining another account in other bank from his salary slips but haven't provided a letter from that bank. So, he may be having some debt or loan from that account?
Should I get funds letter from my salaried account bank too?

Thanks
Robin

 

[Maverick28]

Hi,

I have most of my funds in my HSBC bank account, while my salary gets credited to my ICICI bank account, which can be seen in my salary slips. I have got funds letter from HSBC, which shows my funds exceeding the LICO. But I didn't get a letter from ICICI bank. My question is:
Won't it be a misrepresentation, as they would know that the person is maintaining another account in other bank from his salary slips but haven't provided a letter from that bank. So, he may be having some debt or loan from that account?
Should I get funds letter from my salaried account bank too?

Thanks
Robin

If your HSBC letter mentions the average balance of 6 months and that avg balance is more than LICO then you do not need any other letter.