Urgent! help. Can someone tell me how much money i need to show in my bank a/c?

[swaps82]

Hello! Everyone,
I am going to send my documents along with my wife next week. I think the process in Delhi, India is quick.
I submited my form on 22nd Jan & got the acknowledgement from them on 23rd Feb i mean the letter reached me on 9th March.
I do not have a job in Canada yet. Still trying hard if i can get one. I have applied under the Finance Manager section.
Now, i am in process to send all the documents together, I got
1) Completed form
2) SPouse form
3) Work exp. letters (Mine & my spouse)
4) Education cert. (Mine & my spouse)
5) Bank statements.

All i need to know is how much Indian money you need to show in your bank account, as i got married just last month we still don't have a joint account. We have been informed that we need to show separate bank statements & the total amount can be 600,000Rs. Can anyone please tell me how much exactly we need to show separately (minimum). I hope you all should be in the stage as i am. Kindly, reply me as soon as possible..

Thank You & all the best to you all. God bless u.

Swaps.

 

[BobbyB]

Settlement funds

Pursuant to R76(1)(b), the officer will determine if the applicant has sufficient funds available for
settlement in Canada.

The amount of funds are assessed according to the applicant's family size using 50% of Statistics
Canada's most current Low Income Cut-off (LICO) for urban areas with populations of 500,000 or
more.

Note: In terms of funds required, the number of the applicant's family members includes both
accompanying and non-accompanying dependants.

Although the amount may change yearly, at time of publication the required funds are equal to or
greater than the amount listed below for each family size:

Number of Funds Exception
family required
members

1 $10,601 If the applicant has arranged employment as defined in R82,
they do not have to meet these financial requirements

2 $13,198

3 $16,225

4 $19,700

5 $22,343

6 $25,199

7 or more $28,055

The funds must be:

• available and transferable;

• unencumbered by debts or other obligations.

 

[swaps82]

hey! dear thank u for your prompt reply.

Can you kindly advise me, as the account which i am showing has only 5L Indian rupees so can i now transfer few funds from my fathers account & also with my wife as she was abroad for last 3 years studying she has a joint account with her parents. Will that work? What happens if i suddenly transfer few 2-3L from my fathers a/c to mine & my wife does the same with her own a/c??

I hope i am not asking too many Question. But just that i am too skeptical don't know if i can go ahead with that transfer or do i have to collect other things like Policies, or anything immovable. Hope, it doesnt take long as i have to send the documents before 23rd May.

Sorry, guys for bothering you so much but this is a real concern..
Hope u help me out.


Thank You

Swaps82