Hi experts
I have read that at the time of eligibility check,when calculating POF amount should be equal to or more than LICO mentioned on CIC website(conversion as per exchange rate in bank of Canada).My question is are they going to use the 'current Balance' figure mentioned in the bank letter for conversion(mine is a combination of savings 3% and FD 97% of total) or 6 month average figure mentioned in the bank letter?
Thanks in advance.
PS: On the day of my AOR, both Balance figure(as on letter issue date) and 6 month average figure are well above the required fund based on that day's exchange rate.
I have read that at the time of eligibility check,when calculating POF amount should be equal to or more than LICO mentioned on CIC website(conversion as per exchange rate in bank of Canada).My question is are they going to use the 'current Balance' figure mentioned in the bank letter for conversion(mine is a combination of savings 3% and FD 97% of total) or 6 month average figure mentioned in the bank letter?
Thanks in advance.
PS: On the day of my AOR, both Balance figure(as on letter issue date) and 6 month average figure are well above the required fund based on that day's exchange rate.