showing exactly 12,500 $ as POF

[pursuit_of_happiness]

Hello friends, will showing exactly 12,500 $ as POF cause any issue(For 1 person)?

is the visa officer going to discount any deductions in this amount(if any)?

please advise

 

[hope2018]

Hello friends, will showing exactly 12,500 $ as POF cause any issue(For 1 person)?

is the visa officer going to discount any deductions in this amount(if any)?

please advise

Currency fluctuations can make you ineligible, suggest that you show bit higher amount

 

[pursuit_of_happiness]

Currency fluctuations can make you ineligible, suggest that you show bit higher amount

Thanks for the reply.

what about 13,000$ ? does that sound reasonable?

 

[hope2018]

Thanks for the reply.

what about 13,000$ ? does that sound reasonable?

Look at xe for your currency to see how volatile it has been in last few months, based on that decide.

 

[viki1805]

Thanks for the reply.

what about 13,000$ ? does that sound reasonable?

I have been contemplating all morning if 13000 would be sufficient. I think I'll look into the fluctuation history this past year and determine what's the risk but also it seems like too much work at the moment lol. i'll look into it soon though.

 

[pursuit_of_happiness]

Look at xe for your currency to see how volatile it has been in last few months, based on that decide.

i am asking in canadian dollars.

Their requirement is $12,475 for a single applicant and i am showing 12,500 $ that i received as a gift deed from my father.

if i get to show another 500$ then will i have to get another gift deed from my father or considering the amount to be small it will be fine.

 

[viki1805]

i am asking in canadian dollars.

Their requirement is $12,475 for a single applicant and i am showing 12,500 $ that i received as a gift deed from my father.

if i get to show another 500$ then will i have to get another gift deed from my father or considering the amount to be small it will be fine.

ideally yes you would have to show the source of those funds. but are you showing the proof of funds in CAD currency to begin with ? or is it a converted estimate on your actual POF?

 

[hope2018]

i am asking in canadian dollars.

Their requirement is $12,475 for a single applicant and i am showing 12,500 $ that i received as a gift deed from my father.

if i get to show another 500$ then will i have to get another gift deed from my father or considering the amount to be small it will be fine.

I know you are asking in Canadian dollars but your residence country would have different currency for which you must be providing proof, now don't say you are inland and CEC class , if so then you don't even need to show settlement funds.

 

[pursuit_of_happiness]

I know you are asking in Canadian dollars but your residence country would have different currency for which you must be providing proof, now don't say you are inland and CEC class , if so then you don't even need to show settlement funds.

No sir ...I am neither inland, nor CEC class.

i am from india and i understand your point.

I am certainly going to look into the currency fluctuations in the past, but apart from this factor is there anything else that can reduce the final amount that i show in my bank account. For instance, bank charges or any other charges.

Also, can you please address other parts of my question as well.

Thanks in advance

 

[hope2018]

No sir ...I am neither inland, nor CEC class.

i am from india and i understand your point.

I am certainly going to look into the currency fluctuations in the past, but apart from this factor is there anything else that can reduce the final amount that i show in my bank account. For instance, bank charges or any other charges.

Also, can you please address other parts of my question as well.

Thanks in advance

Nothing apart from currency fluctuations can reduce it, regarding gift deed, Yes you will need again for new transfer.

 

[pursuit_of_happiness]

ideally yes you would have to show the source of those funds. but are you showing the proof of funds in CAD currency to begin with ? or is it a converted estimate on your actual POF?

This is the converted estimate on POF letter that i received from my bank

 

[pursuit_of_happiness]

Nothing apart from currency fluctuations can reduce it, regarding gift deed, Yes you will need again for new transfer.

Thanks for the clarification.

 

[hope2018]

Just want to make sure that my calculations are correct and it would be good if you can cross check it too.

currently i have have 6,67,000 rupees in my account .

current rate is : 52.67 rupees for one canadian dollar so this gives me , 12, 663.75 $

after checking XE the worst rupees has fallen to dollar in the last year is 53.4 rupees for one canadian dollar, this give me 12,490 $

so considering even in the worst case scenario of exchange rate i will have more than threshold so i should be good.

PS: i am still going to transfer some more amount but just wanted clarification as per my current situation.

Yes in worst case scenario, you will be at borderline with your current amount. If you transfer a bit more you will have a safety net.

 

[pursuit_of_happiness]

Yes in worst case scenario, you will be at borderline with your current amount. If you transfer a bit more you will have a safety net.

thanks buddy

 

[viki1805]

thanks buddy

I think you're considering the wrong rate. you need to look at the selling rate (the rate at which the bank will convert your INR to CAD or in other words sell you CAD for) which is currently at 54.60. This rate would leave you with CAD 12,216 which is lower than the threshold. You should consider topping it off by 500 dollars or so just to be safe.