Proof of Funds query

[Asivad Anac]

Also, I have given money as loan to a relative a couple of years back and it was just returned back to my account last month. I can show the proof of me transferring the funds and receiving back the money. Will this proof along with a letter of explanation work towards acknowledging this fund as mine. Is there addition requirement of any affidavit/deed/declaration? I am still at least a month away from completing my EE profile.

It will be cumbersome to prove that these monies were borrowed and then returned. Instead, get a signed self-declaration from the relative explicitly mentioning that this is a gift not a loan hence need not be returned to them. Submit that along with proof of actual fund transfer and bank letter in the format required by CIC. That would suffice.

All the best!

 

[singhshaman]

It will be cumbersome to prove that these monies were borrowed and then returned. Instead, get a signed self-declaration from the relative explicitly mentioning that this is a gift not a loan hence need not be returned to them. Submit that along with proof of actual fund transfer and bank letter in the format required by CIC. That would suffice.

All the best!

Thanks again Asivad, in that case do I need to give some sort of gift deed/ solvency certificate for my relative after the transfer?

(Why isn't there any option to like/thank/upvote the answers)

 

[Asivad Anac]

Thanks again Asivad, in that case do I need to give some sort of gift deed/ solvency certificate for my relative after the transfer?

(Why isn't there any option to like/thank/upvote the answers)

Signed self-declaration would suffice. No gift deed/solvency certificate required.

 

[singhshaman]

Signed self-declaration would suffice. No gift deed/solvency certificate required.

Thanks again