Sorry guys, I have read through many pages and though I have seen some answers, I still want to be very sure. I have called my bank and they said they do not provide such letters, I do have more than enough of what I need for the FSW and have had a steady income for almost 7 years with the same bank. Question, can I just download 6 months bank statement and get it signed/stamped by my bank? I don't have any outstanding loans or debts but I don't know how to show that. Can I also get all my credit card statements? Also how do I show them the conversion rate? My account is in Singapore dollars which is almost 1:1. Thanks for your help
Proof of Funds (Express Entry)
- Thread starter ThisIsHoof
- Start date
Get whichever letter they provide and provide the bank statements and you'l be fine.kenok said:
No need to convert anything.
Hey guys, a question. I'm studying in USA, father in India. I have an average 6 months balance of around $12000 CAD ( 6 month statement from US bank shows it's increasing at a small pace, like around $1000-2000/month. I am still a student and my father sends me the money . How do I prove the source of funds? What do I need to do as the bank account is under my name.
Hi Friends, Hi Delpiero ( Famous Italian footballer 
)
a silly queries but its very confusing..Glad if you can help on the subject..
Suppose i have 8 lakhs INR in the bank account and get 6 month bank stmt and letter from
bank as on date 1st Jan 2017..
8 lakhs corresponds to ( CAD to INR fx rate on 1st Jan 2017 = 52 ) = 15384 CAD
this is more than the required 15143 CAD for 2 people.
Now suppost the bank stmt is uploaded. can i withdraw the funds after submitting applicatopm
after ITA. and E-APR is completed.
e-APR date is suppose 22nd Jan 2017.
Doubts
1) Do indian banks like ICICI, axis give bank letter in INR or CAD ?
2) can i withdraw funds after 22nd jan ??..since i already uploaded proof of funds.
3) If i cannot withdraw, how will CIC verify the uploaded POF letter
4) if they verify stmt on 1st April , will CAD to INR FX rate on 1st April will be considered ??
does this FX rate include mark up fees like google will show 51.14
but if u take CAD from indian bank, they charge markup fees and finally charge CAD to INR
54-55.. Do CIC uses FX rate as in google or they include fees likes banks ??
) a silly queries but its very confusing..Glad if you can help on the subject..
Suppose i have 8 lakhs INR in the bank account and get 6 month bank stmt and letter from
bank as on date 1st Jan 2017..
8 lakhs corresponds to ( CAD to INR fx rate on 1st Jan 2017 = 52 ) = 15384 CAD
this is more than the required 15143 CAD for 2 people.
Now suppost the bank stmt is uploaded. can i withdraw the funds after submitting applicatopm
after ITA. and E-APR is completed.
e-APR date is suppose 22nd Jan 2017.
Doubts
1) Do indian banks like ICICI, axis give bank letter in INR or CAD ?
2) can i withdraw funds after 22nd jan ??..since i already uploaded proof of funds.
3) If i cannot withdraw, how will CIC verify the uploaded POF letter
4) if they verify stmt on 1st April , will CAD to INR FX rate on 1st April will be considered ??
does this FX rate include mark up fees like google will show 51.14
but if u take CAD from indian bank, they charge markup fees and finally charge CAD to INR
54-55.. Do CIC uses FX rate as in google or they include fees likes banks ??
I'll answer your non-Indian related questions.motocheck said:Hi Friends, Hi Delpiero ( Famous Italian footballer
a silly queries but its very confusing..Glad if you can help on the subject..
Suppose i have 8 lakhs INR in the bank account and get 6 month bank stmt and letter from
bank as on date 1st Jan 2017..
8 lakhs corresponds to ( CAD to INR fx rate on 1st Jan 2017 = 52 ) = 15384 CAD
this is more than the required 15143 CAD for 2 people.
Now suppost the bank stmt is uploaded. can i withdraw the funds after submitting applicatopm
after ITA. and E-APR is completed.
e-APR date is suppose 22nd Jan 2017.
Doubts
1) Do indian banks like ICICI, axis give bank letter in INR or CAD ?
2) can i withdraw funds after 22nd jan ??..since i already uploaded proof of funds.
3) If i cannot withdraw, how will CIC verify the uploaded POF letter
4) if they verify stmt on 1st April , will CAD to INR FX rate on 1st April will be considered ??
does this FX rate include mark up fees like google will show 51.14
but if u take CAD from indian bank, they charge markup fees and finally charge CAD to INR
54-55.. Do CIC uses FX rate as in google or they include fees likes banks ??
2 - You should be really careful with this because if you're requested updated bank statements and they show you don't have the funds anymore then you could be in big trouble.
3 - They cannot contact your bank but they can ask for updated bank statements.
Hi Guys,
Hope you all are doing well,
I have recently received the ITA for PR under FSW program. In my response I need to give POF. I have a joint account with my father in a bank which holds ample amount to be shown, (12500 CAD) in my case. Amount in the account has been held for more than a year so 6 months statement wont be an issue. It would be great if you guys can help me with my below mentioned questions
- Can I use the joint account as a POF with the gift deed from my father clearly saying that the amount in the account is a gift to me from his side on account of me going to Canada. Would I need anything else also along with it?
- I have my own salary account also which would hold some 3000 CAD post my recent deposit of Provident Fund. Should i declare that too?
- Anything else like credit card information to be attached?
It would be great for me if I can get your valuable feedback on this
Regards,
AR
Hope you all are doing well,
I have recently received the ITA for PR under FSW program. In my response I need to give POF. I have a joint account with my father in a bank which holds ample amount to be shown, (12500 CAD) in my case. Amount in the account has been held for more than a year so 6 months statement wont be an issue. It would be great if you guys can help me with my below mentioned questions
- Can I use the joint account as a POF with the gift deed from my father clearly saying that the amount in the account is a gift to me from his side on account of me going to Canada. Would I need anything else also along with it?
- I have my own salary account also which would hold some 3000 CAD post my recent deposit of Provident Fund. Should i declare that too?
- Anything else like credit card information to be attached?
It would be great for me if I can get your valuable feedback on this
Regards,
AR
Hello,
If I am self-employed and have a separate business account, do I also need to provide evidence of this?
Do I need to provide the required information for all personal bank accounts I have, even if there are 5 different banks, or can I just send information about the main account?
Many thanks
If I am self-employed and have a separate business account, do I also need to provide evidence of this?
Do I need to provide the required information for all personal bank accounts I have, even if there are 5 different banks, or can I just send information about the main account?
Many thanks
No, they only care about the account for which you meet the minimum required funds.Berty3000 said:
Ok, only got a 7 in reading so bare with me...
6 months average as in a single amount or an average for each month, so 6 averages?
If my bank won't do averages, would a letter with the closing balance each month suffice?
6 months average as in a single amount or an average for each month, so 6 averages?
If my bank won't do averages, would a letter with the closing balance each month suffice?