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arsarma

Newbie
Feb 10, 2019
1
0
I have gold and if i sell and show cash amount to my account. Will it be acceptable as proof of fund?
 
You need to prove that the funds you submit for POF are not encumbered by a loan and are not borrowed and in your case you would need to prove that you sold something to get that cash/money.

Sell your gold to a licensed and government gold reseller such as banks and NBFC's. Upon buying gold, the financial corporation will issue you receipts, certifying that you sold them the gold at a certain rate. Use that receipt and income as your POF.
 
Do we need for our funds to be in a joint account? My husband and I have separate savings account. Will that be an issue?