If I had enough average balance, do I need gift deed for exceeding amount?

[axlh17]

So my average balance in past 12 months exceeds the amount needed for immigration. But I had even more money transferred to me in past few months. So my current balance is much higher than average balance. Do I need to show gift deed document to explain the sudden increase in balance?

 

[Srushti]

Average bank balance is what matters. You can have million $ above that. Doesn't matter

 

[nerd]

So my average balance in past 12 months exceeds the amount needed for immigration. But I had even more money transferred to me in past few months. So my current balance is much higher than average balance. Do I need to show gift deed document to explain the sudden increase in balance?

If you have a spike in the last 6 months then it is a good idea to explain that in a LOE attached along with the POF. That what I did.

 

[Isha86]

If you have a spike in the last 6 months then it is a good idea to explain that in a LOE attached along with the POF. That what I did.

[/quote Did you simply explained in Covering Letter or did you attached gift deeds ( notaries or stamp paper) somthing like that ? I have a big doubt on this point as I have recently taken money from from my parents, Regards, Isha]

 

[nerd]

If you have a spike in the last 6 months then it is a good idea to explain that in a LOE attached along with the POF. That what I did.

[/quote Did you simply explained in Covering Letter or did you attached gift deeds ( notaries or stamp paper) somthing like that ? I have a big doubt on this point as I have recently taken money from from my parents, Regards, Isha]

I wrote a one page LOE explaining each spike in my bank statement of last 6 months and attached proofs as well. In my case it was not a gift so I did not have to make a gift deed.
Ask yourselves: if you were reading someone else's application, then would the POF make sense to you?
If in doubt make the gift deed...