Hello,
I’ve had a fixed deposit for years that I keep rolling over or adding more money in a micro finance bank. I intend to add a huge sum of money when it matures and rollover.
1. Can I use it as POF alongside with a joint savings account with my spouse from another bank?
2. Do I need to state the source of funds of the huge sum I’m adding to the investment?
3. Is it ok to have a maturity tenor of 90days?
Thanks for your contributions.
I’ve had a fixed deposit for years that I keep rolling over or adding more money in a micro finance bank. I intend to add a huge sum of money when it matures and rollover.
1. Can I use it as POF alongside with a joint savings account with my spouse from another bank?
2. Do I need to state the source of funds of the huge sum I’m adding to the investment?
3. Is it ok to have a maturity tenor of 90days?
Thanks for your contributions.