SDS-Proof of funds-2nd year fee-International student

[vlsitechnology]

Hi Experts,

I need your inputs for the below for the SDS route:

One of my friends ( Applicant) had received her offer from Sault college-Brampton-Health care course which is for 2 years and the fee for the 1st year is 17k CAD appx and the 2nd year fee she is not aware so they had asked the bank to sanction 34k CAD for 2 years but they are sanctioning only 25k CAD which is 16L only as her husband has an ongoing loan going on.

1. Her husbands salary per month is 1L, he has a property value of 53L, also has a Mutual funds of 4L ( since this is subjected to market, i am not sure if we can show this), also has an EPF of 2L ( can we show this)

2. Applicant has an EPF of 1L and if we can show this then only 2L will be pending which is for the 2nd year fees.

3. Can husband take the money of 5L from Aunt and all and ask them to transfer the money in Applicant's account. Will the sudden money coming fine with the Gift deed?

 

[Simba112]

Hi Experts,

I need your inputs for the below for the SDS route:

One of my friends ( Applicant) had received her offer from Sault college-Brampton-Health care course which is for 2 years and the fee for the 1st year is 17k CAD appx and the 2nd year fee she is not aware so they had asked the bank to sanction 34k CAD for 2 years but they are sanctioning only 25k CAD which is 16L only as her husband has an ongoing loan going on.

1. Her husbands salary per month is 1L, he has a property value of 53L, also has a Mutual funds of 4L ( since this is subjected to market, i am not sure if we can show this), also has an EPF of 2L ( can we show this)

2. Applicant has an EPF of 1L and if we can show this then only 2L will be pending which is for the 2nd year fees.

3. Can husband take the money of 5L from Aunt and all and ask them to transfer the money in Applicant's account. Will the sudden money coming fine with the Gift deed?

Can you re-write so everyone can understand what currency are you talking about on situation 1-3? Simply convert to Canadian dollar....

 

[vlsitechnology]

1. Her husbands salary per month is 1L INR ( 1616 CAD), he has a property value of 53L INR ( 85,677 CAD), also has a Mutual funds of 4L INR ( 6466 CAD)-( since this is subjected to market, i am not sure if we can show this), also has an EPF of 2L INR equivalent to 3233 CAD ( can we show this)

2. Applicant has an EPF of 1L INR ( 1616 CAD) and if we can show this then only 2L INR( 3233 CAD) will be pending which is for the 2nd year fees.

3. Can husband take the money of 5L INR ( 8082 CAD) from Aunt and all and ask them to transfer the money in Applicant's account. Will the sudden money coming fine with the Gift deed?

 

[Simba112]

1. Her husbands salary per month is 1L INR ( 1616 CAD), he has a property value of 53L INR ( 85,677 CAD), also has a Mutual funds of 4L INR ( 6466 CAD)-( since this is subjected to market, i am not sure if we can show this), also has an EPF of 2L INR equivalent to 3233 CAD ( can we show this)

2. Applicant has an EPF of 1L INR ( 1616 CAD) and if we can show this then only 2L INR( 3233 CAD) will be pending which is for the 2nd year fees.

3. Can husband take the money of 5L INR ( 8082 CAD) from Aunt and all and ask them to transfer the money in Applicant's account. Will the sudden money coming fine with the Gift deed?

1. You can include these as proof of economic tie, however they wont be used to compute proof of funds but can be helpful in analyzing applicant economic factors
2. EPF is Retirement schemes which retirement benefit can be calculated i suppose, the answer is it will not be used to deduct from pof requirement
3. This will be a redflag with intention to inflating bank statement. Applicant needs to provide convincing clarification to prove funds belongs to her and was not deposited for visa application purpose and withdrawn later on.

 

[vlsitechnology]

Thank you for your reply.
2. What if we take the letter from the EPF officer or do a partial withdrawal of the amount and show the same
3. got it thanks.
4. What about mutual funds, if we can withdraw and put it in the account as it is subjected to the market conditions, show the previous statement and post withdrawal statement.

 

[vlsitechnology]

but do you think that it is necessary to show the exact amount of 17k CAD for the 2nd year fees or can we show an appx amount of 10k CAD in SDS route?

 

[Simba112]

Thank you for your reply.
2. What if we take the letter from the EPF officer or do a partial withdrawal of the amount and show the same
3. got it thanks.
4. What about mutual funds, if we can withdraw and put it in the account as it is subjected to the market conditions, show the previous statement and post withdrawal statement.

2. That is possible, you can opt to do so
4. you can opt to do this one too...