POF - funds transferred from one bank to another

[gill367]

I have recently (2 months back) shifted all my funds from one account (Axis) to other (Icici).

Do I need to get the POF letter from both the banks?

 

[Marty_]

I have recently (2 months back) shifted all my funds from one account (Axis) to other (Icici).

Do I need to get the POF letter from both the banks?

You can get a bank letter from ICICI and also Axis bank 6 months statement (stamped by bank) showing that these funds are not a loan amount. The funds must be at least 6 months old or you will need to show more proof (Eg: salary deposits, FD redeemed, shares sold)
In your LOE, you must say that the reason for huge fund inflow into ICICI bank account was due to transfer from another bank (axis) and not a loan

 

[gill367]

You can get a bank letter from ICICI and also Axis bank 6 months statement (stamped by bank) showing that these funds are not a loan amount. The funds must be at least 6 months old or you will need to show more proof (Eg: salary deposits, FD redeemed, shares sold)
In your LOE, you must say that the reason for huge fund inflow into ICICI bank account was due to transfer from another bank (axis) and not a loan

Bank statements from Axis should be enough right. I will get those.

 

[jpv2212]

Bank statements from Axis should be enough right. I will get those.

I suggest you get statements from both the banks.
That is to say,
Your debit account will have a debit history in statements,
And
Credit account will have a credit history in it.

By this way
You can show that funds were transferred from this to that. It's a firm evidence.