So I saw this debate on Reddit that whether IRCC can check our Bank Accounts by directly contacting the Banks. Some people said they could do it, while others said it's not possible since it's against the law to get information regarding someone's bank account. Curious to know what's true..
Hi Kubeir, If I have 3 savings accounts in 3 different banks but my proof of funds requirement is already met from funds kept in 2 of these accounts. In that case, do I have to obtain bank letter from the 3rd bank as well? I am concerned as the website mention "lists ALL current bank and investment accounts as well as outstanding debts". This 'ALL' is creating confusion.
What if required amount is there but less than 6 months. Account is old but the required amount for Immigration is in less than 6 months???? Will it lead to rejection
Thank you Mr Kubeir, you're the best. Just a question please, With the gift deed and my bank statement, do I also need to provide the bank statement of my mother "the one who is going to transfer the money"?
Sir thanks for this great video, i used gift deed for Ontario pnp but during this process funds are old more than 6 months, can i skip the gift deed or must attach it with current bank statement??
@kubeir . My funds are kept as FD in a rural cooperative bank in my home state. The bank is having only 3 branches and doesn't have a national presence. Can I show this fund as POF for immigration. Or is it required to show the POF in a Nationalised Bank.
@@susmavarghese44 You may use the same money, if the coop bank is willing to give you the letter in the prescribed format. Some people told me that funds should be kept at a nationalized bank. However, CIC doesn't mandate this and you are free to use any bank or financial institutions. This is the safest method, as the fund is old and u don't have to produce any other source for it. If they are not willing to give the letter, u may transfer the amount in to another bank and show the documents of withdrawal and tranfer. Expain the details in the LOE. Third option is to withdraw the money and transfer it to your dad/mom and then transfer it to your account in a nationalised bank and put FD. In this case u will have to produce the source of fund. Get a notarized gift deed from your dad/mom after the transaction. There is no specified format for gift deed u may use any format, and get it notarized. This would cost you around 1000-1500 rupees extra for stamp paper and notary charges. #Make sure that the bank letter has all the necessary information as specified in the cic website.
Thank you very much Ranjith for the detailed explanation. Makes me feel better. The urban bank is willing to give the letter in the CIC format . However, I keep hearing from consultants a billion different things and one lady even told me I could get a ban if the funds are not in a ‘known bank’. I am glad to have found someone in the same shoes . Kubeir sir also commented that the FD in urban bank should be fine and that’s a relief 😁 Many thanks again .
I applied for PR through Express Entry. I had submitted Proof of Funds document in which I mentioned average monthly balance for past 6 months. Now IRCC has sent a query to again send 6 months statement with explanation on sources of fund.
Hi sir, You are gem. All ur videos are so informative and detailed. Thank you. I would like to ask can I submit FD certificate for all required funds? And if yes, then why can I show 6 month average balance in such case?
Is it mandatory to give account statements of last six months even if the bank has given an official letter stating the current balance as well average of last six months on a single page. Account statements are really long nowadays because of UPI payments…. Sometimes even 25 pages.
Dear Kubeir, I Hope you are doing well. Government of Canada website says " The funds must be available both when you apply and when (if) we issue you a permanent resident visa." So my question when it says BOTH WHEN YOU APPLY? does that mean at the time of case put up in the express entry profile or does that mean when we accept ITA ?
Great video sir! Can you please provide information, if I have a valid job offer I still have to provide or need to show POF? I'm applying through Federal Skilled Worker (Express Entry).
Hello Thank you for the explanation I have a question please, i am the main applicant and my husband transferred the funds from his account to my bank account Do we need to justify it ? And what do we need to do please ?
Quite informative. Sir a quick query, I have my investments in mural funds via et money in my secondary applicants name. Will her cams statment be applicable to showcase my investments,? Not sure if you are responding on this old video, will be helpful to me. I am applying for SINP
All my money is in form of Stocks, Mutual Funds, FD, PPF and EPF as well. Is that fine? And what are all the documents I should be getting from these organizations, if required? And I have applied for SINP OID.
Hello, can money from sale of property which is just about one week or less acceptable as proof of funds and also when applying through express entry does selecting provinces and other territories mean that upon arrival in Canada I can move to any province I like
Hi Kubeir Sir, I have one question and would appreciate your clarification on the same. If I have enough POF to cover through 2 FDs available in one account, do I still need to show other FDs available in the same account on bank letter or showing 2 that covers over and above POF requirements should be sufficient? Your response is highly and deeply appreciated. Thanks Sir
Are gift deeds necessary under outland spousal sponsorship application? The Sponsor in this program is not required to provide proof of funds but must show how the Sponsor can provide support for the Principal Applicant
Hi. We missed on disclosing credit card debt. More as we thought that it's rotating debt. However we have adequate balance in our savings account which we have shown in profile. Do we need to provide cc details as well. Thanks in advance!
Hi Kubeir, are we supposed to provide details about those bank accounts which are not part of proof of fund. Like is it mandatory to declare all bank accounts?
Hi sir, I am applying for Alberta Pnp. What should I put in the box that asks for the amount. I am working and living in Alberta for 3 years now. I do not have any savings now. Should i put ZERO or the amount that is required? Then upload letter of explanation with the jobnoffer? Thanks!
Can my father transfer money onto my salary account in case I need to show proof of funds as a gift deed letter? Or is it necessary to get it transferred to the savings account?
That quite informative. I have a specific query on the recent Yes bank issue. What is our status if the proof of funds shown is with Yes bank with a withdrawal limite of 50K. It would be of great help if you could put some light on it.
Hello Kubeir. I have a question. I recently got an ADR to update my POF but the exchange rate has been fluctuating with my countries currency. I finally submitted by adding more money to my POF. My question now is will application be assessed on rate on the day of submitting the updated POF or the day of assessing the application by the VO. and will adding almost 2M to my POF in 2 days to cover for the fluctuations in two days raise an eyebrow.
@Ask Kubeir.Sir i had a car loan before provincial noi.Also i had sufficient proof of funds.But i repaid my car loan by money from my relatives and closed the loan.So i did not mention about the loan in my proof of funds.It was being reflected in my monthly statement.I have submitted my nomination application .Do i need to provide the gift deed for the money which i used to repay the car loan?
Hello Sir Thank you for the great video post. If you receive a gift in the form of cash and then you go and deposit in your bank account will a gift deed work in this case? Since the gift came in the form of cash. Thank you
Hello, I would like some clarifications regarding POF. I applied for oinp on 19 oct 2023, my pof based on the website the officer checked was total cad 17187 for 2 persons. I received nomination letter & ITA. I am planning to submit my pr application on 27 march 2024. My question is, will ircc count my proof of fund like for oinp funds dated 19 oct 2023 or 27 march 2024? Am really confused. I need clarification for that& also on which website can i calculate my POF ? Thanks for replying its urgent.
Good day sir, I received my settlement funds from my mum on a NEW ACCOUNT opened in December 2019. I know the other docs to provide as you advise. However, how do i show 6-month statement of account when my account was opened barely one month ago?
Hi, can you please answer this: i have a chit fund scheme for which I pay from my account every month and I will get a lumpsome amount soon..would that be okay for IRCC as I will have to keep paying them the amount every month for another year..it's around 40000 rs per month? Thanks a ton for always supporting people like us...
Hello sir, Thank you so much for making such a video. Sir, I have a credit card associated with my account and should I show any document related to my credit card?
@@AskKubeir Thank you sir,, online statement will suffice or it should be in letterhead? Sorry for asking another question sir, but it is important to execute your suggestion.
Hi, Thank you for the wonderful information. I have got the nomination and i am about to get ITA from express entry. I have query that, I have proof of funds in 3 different banks. So can I attach 3 different pdf as proof of fund or I can attach only one pdf which has all 3 bank proofs ? In case of SINP, I was able to attach different pdf for each FD and account. Please guide for the same. Thank you.
Sir, is it mandatory that we get the letter from all the banks in which we are the current account holder? or only the statement from one bank should do that we are going to use for the proof of funds? (I use all the accounts however funds are available only in one account).
How old should be the bank letter from the date of submitting the PR application? Can it be taken anytime after ITA or should it also be having details of even one day before submission of PR application?
Hi. My wife is the primary applicant and I am the one who is showing the funds. So for my funds do I need to show the letter from the bank and 6 months SOA. The reason is my degree and masters can only be attested through icas and will take time. Please advise
Hello! Sir I need your help please guide. I have a running car loan from another bank (Yes bank) but the amount of this car loan gets deducted from the account in which the funds are placed, and I receive my salary. (Bank of Baroda) So do I need to justify the car loan payment that gets deducted from my salaried account every month? What do I need to do in this scenario? Clear my car loan and get the NOC or Leave it as it is or should I prepare any letter from the another bank ?
A married person coming single to Canada without spouse and child through express entry he wants to show his proof of funds only for him($12,669) or for total family($19,390).
Hello Mr. Kubeir, warm greetings. Thanks for such a valuable information. One query. Do I need to provide affidavit/gift deed, etc. for the FDs held jointly in my father's name (I am the first holder) but liquidated before PR application? The savings bank account in which the FD proceeds will be credited is held jointly with my spouse. Please provide the useful guidance. Thanks in advance.
Cryptocurrencies are not acceptable as PoF but what about the funds in INR as a result of sale of cryptocurrencies? Do I have to maintain for 6 months and will IRCC accept those funds if I explain in LoE?
What can I do if I can only provide 6 months bank statement + paper of date of account creation? The bank is outside my country and they can not provide me with bank letter .
@@AskKubeir let's say I can not get it because they do not have such a thing (and what I did when I got nominated from NB is I provided bank statement + black official paper contain my account details and date of creation for my account) with small LOE state on why I could not get the letter ?
Hello sir. I'm going 2 be using my salary account for proof of funds & i intend building it up gradually but I'll need to add about 1000CAD monthly to it from another of my accounts to round it up. Is there any need 2 show explanation for the 1000CAD? It isn't a huge sum so, I'm assuming it shouldn't look like a surge & the immigration officers won't be disturbed about it. But I want to be extremely sure so I won't be rejected. Thank you & pls reply.
I had deposited cash in the bank account, apart from salaries i earn rent of let out property as well as business consulting income on part-time basis, i file my income tax returns every year and disclose all income so i have CA certified balance sheets and income computations. is it sufficient to prove the source of cash??
@@AskKubeir My father today credited some money in my SBI account by cash deposit for the need of showing proof of funds. If cash deposit is not credible then, I can again make a payment by giving this money to my father by cheque and then again getting it from him by RTGS from Post office into the same account. Will this be fine, Sir ?
Hi, warm greetings, I've two bank accounts, one is my salary account, it's the same where I've deposited funds for pof and another account from where my home loan gets deducted every month, do i need to show the home loan account info?? Pls advise.
Hello Sir, thank tou for the detailed and helpful vedios...,i havea clarification.....I am in Canada on work permit, and my son on study permit ...can I project the savings from my upcoming years salary? Will this be considered as valid source of funds for my son's living expenses and final year fees? Pls advise 🙏
kubeir sir, can i take some money from parents and some money from friends and maintain this money for straight 6 months, should i have to provide gift deed documents to cic ?
I have opened a new joint account with my spouse. We are planning to put some of our money and will be taking additional gift deed from parents. By the time we will put our application, account won’t be 6 months old, but will be having adequate money. Will this suffice?
Hello Sr, thank you for this excellent video. My question is: I have an account in Australia which is the active one in which I receive my salary, save and so on. However, I have an account in my home country which I have a loan. Do I have to show this loan despite my It does not show any connection with the account that I am going to show to the IRCC? Thanks a lot for your answer
Whenever you gonna upload the bank statements, the statement contains letters head of the bank and it must says that there is active no loan under your name with the bank and you are good to go.
Hi! My score is 496, currently I’m in UK, but I don’t have any savings, whatever i earn I spend. I’m planning to apply express entry FSW by august 1st week and I plan to take 14000 cad from my family as proof of fund, how should I show this to IRCC so that it does not appear like I borrowed? Edit: Some people say that showing entire amount as gift deed may result in rejection.
I have a salary account in pkr and I am planning to open an account in dollar due to the currency devaluation I want to maintained the funds in dollar and will transfer monthly for say $1000 each month will create any problem?
Thank you Kubeir, all those videos sharing detailed knowledge and information is very helpful and appreciated!
Glad you like them!
Provident fund explained at 22:40
You're a gem Sir! Thank you.
Glad it helped!
Thank you Kubeir. This was very informative and answered all my questions.
Glad to hear it!
Explained everything in detailed manner...👌👌👌👌
thank you for all the detailed explanations. Helped me a lot. Grateful.
Hi. Your videos are very insightful. Love your content
Glad you like them!
So I saw this debate on Reddit that whether IRCC can check our Bank Accounts by directly contacting the Banks.
Some people said they could do it, while others said it's not possible since it's against the law to get information regarding someone's bank account.
Curious to know what's true..
Sir, I have a humble request to you. Can you please do a video on explaining the valid set of documents to be submitted to prove the relationship?
Hi Kubeir, If I have 3 savings accounts in 3 different banks but my proof of funds requirement is already met from funds kept in 2 of these accounts. In that case, do I have to obtain bank letter from the 3rd bank as well? I am concerned as the website mention "lists ALL current bank and investment accounts as well as outstanding debts". This 'ALL' is creating confusion.
Good afternoon Sir... Please make a video on POF management post-PR stamping.
Regards
Play at 1.25X. Thank me later
played 1.5x. thanking you for your idea
Thanks
Can you please tell how to explain or show Source of Funds in Proof of funds document
Add a cover letter with explanation
What if required amount is there but less than 6 months. Account is old but the required amount for Immigration is in less than 6 months???? Will it lead to rejection
what is specific POF requirement for non express entry while applying to federal after getting nomination from ontario masters stream
Thank you Mr Kubeir, you're the best. Just a question please, With the gift deed and my bank statement, do I also need to provide the bank statement of my mother "the one who is going to transfer the money"?
No, not unless asked
@@AskKubeir Thank you :)
How can one access the proof of funds which were deposited in the home country's bank a/c after arriving in Canada?
Usually most banks have online access to the accounts and you can do a wire transfer. Check with your bank
@@AskKubeir Thank you for your quick response
Sir thanks for this great video, i used gift deed for Ontario pnp but during this process funds are old more than 6 months, can i skip the gift deed or must attach it with current bank statement??
@kubeir . My funds are kept as FD in a rural cooperative bank in my home state. The bank is having only 3 branches and doesn't have a national presence. Can I show this fund as POF for immigration. Or is it required to show the POF in a Nationalised Bank.
My situation is the same .could you please share what did you do
@@susmavarghese44 You may use the same money, if the coop bank is willing to give you the letter in the prescribed format. Some people told me that funds should be kept at a nationalized bank. However, CIC doesn't mandate this and you are free to use any bank or financial institutions. This is the safest method, as the fund is old and u don't have to produce any other source for it.
If they are not willing to give the letter, u may transfer the amount in to another bank and show the documents of withdrawal and tranfer. Expain the details in the LOE.
Third option is to withdraw the money and transfer it to your dad/mom and then transfer it to your account in a nationalised bank and put FD. In this case u will have to produce the source of fund. Get a notarized gift deed from your dad/mom after the transaction. There is no specified format for gift deed u may use any format, and get it notarized. This would cost you around 1000-1500 rupees extra for stamp paper and notary charges.
#Make sure that the bank letter has all the necessary information as specified in the cic website.
Thank you very much Ranjith for the detailed explanation. Makes me feel better. The urban bank is willing to give the letter in the CIC format . However, I keep hearing from consultants a billion different things and one lady even told me I could get a ban if the funds are not in a ‘known bank’. I am glad to have found someone in the same shoes . Kubeir sir also commented that the FD in urban bank should be fine and that’s a relief 😁 Many thanks again .
I applied for PR through Express Entry. I had submitted Proof of Funds document in which I mentioned average monthly balance for past 6 months. Now IRCC has sent a query to again send 6 months statement with explanation on sources of fund.
Thank you for this information
Hi sir,
You are gem. All ur videos are so informative and detailed. Thank you.
I would like to ask can I submit FD certificate for all required funds?
And if yes, then why can I show 6 month average balance in such case?
Yes you can, but you still need to show bank statements for 6 months
@Kubeir : Do you hv any Idea if Alberta considers gift deeds!!!
Alberta does not have a requirement for POF, so gift deed is irrelevant
@@AskKubeir Request you to please reply again, I got an ITA through express entry in PNP category (AINP).
Hi sir..thank u for amazing explanation..just a quick question..will that be okay to show 90%of POF as a gift deed for FSW?
Yes
Thank u sir
Is it mandatory to give account statements of last six months even if the bank has given an official letter stating the current balance as well average of last six months on a single page.
Account statements are really long nowadays because of UPI payments…. Sometimes even 25 pages.
Dear Kubeir, I Hope you are doing well. Government of Canada website says " The funds must be available both when you apply and when (if) we issue you a permanent resident visa." So my question when it says BOTH WHEN YOU APPLY? does that mean at the time of case put up in the express entry profile or does that mean when we accept ITA ?
It means when you submit ur PR application and when you arrive in Canada and during the entire application process
Hi what if the bank is not able to provide the 6 monthly average balance? What to do then?
What is meant by day of application? Is it the day that we create express entry profile ?
It means the day you submit your eAPR.
I'm about to land this month. Is Demat account statement (money held in shares) acceptable proof of funds?
Great video sir! Can you please provide information, if I have a valid job offer I still have to provide or need to show POF? I'm applying through Federal Skilled Worker (Express Entry).
Thanks Kuber sir this detailed video is helpful
Please help sir, if we are showing bank letter correctly, do we need to show bank statements of 6 months. Thanks a ton
No, but they can always ask for it
Hello
Thank you for the explanation
I have a question please, i am the main applicant and my husband transferred the funds from his account to my bank account
Do we need to justify it ? And what do we need to do please ?
Sir if u could pls let know that what is the timeline to have that proof of funds in out account ??
Thank you for the valuable information, I would like to ask whether 5 years tax savings FD are valid for Proof of funds?
Quite informative. Sir a quick query, I have my investments in mural funds via et money in my secondary applicants name. Will her cams statment be applicable to showcase my investments,? Not sure if you are responding on this old video, will be helpful to me. I am applying for SINP
All my money is in form of Stocks, Mutual Funds, FD, PPF and EPF as well. Is that fine? And what are all the documents I should be getting from these organizations, if required?
And I have applied for SINP OID.
Thank you for the wonderful information. Can I show my US funds in Canadian bank's US currency denominated account as proof of funds ?
Hello, can money from sale of property which is just about one week or less acceptable as proof of funds and also when applying through express entry does selecting provinces and other territories mean that upon arrival in Canada I can move to any province I like
Hi Kubeir Sir,
I have one question and would appreciate your clarification on the same. If I have enough POF to cover through 2 FDs available in one account, do I still need to show other FDs available in the same account on bank letter or showing 2 that covers over and above POF requirements should be sufficient?
Your response is highly and deeply appreciated. Thanks Sir
Hello Sir . Thanks for the info
If a person's country of residence is different than his home country, can he show proof of money in his home country's bank account?
Yes
Hi Kubeir,
Can we use a salary account for FD for proof of funds?
Yes
@@AskKubeir Thank you
After submitting POF, do the officers have a communication with my bank to see if the money is till in the account ?
Are gift deeds necessary under outland spousal sponsorship application? The Sponsor in this program is not required to provide proof of funds but must show how the Sponsor can provide support for the Principal Applicant
Hi Kubeir
Do SINP requires 3 months POF maintained as mandatory ?
Thanks Sir
Hi. We missed on disclosing credit card debt. More as we thought that it's rotating debt. However we have adequate balance in our savings account which we have shown in profile. Do we need to provide cc details as well. Thanks in advance!
@@AskKubeir Thanks a lot !
Hi kirti, may i know the outcome?
Hi Sir... Should we provide all bank accounts details or the one where proof of fund lie down ?
Can we show employee provident fund as POF? If yes then what is the paperwork that needs to be done?
Hello Sir, I have a gift deed, affidavit and bank’s letter. Do we have to still submit 6 months statements/transaction ? Thanks for this video.
As it is a gift I believe it will not be, in that case what do we have to do? Submit bank statements or not? Thank you.
Hi Kubeir, are we supposed to provide details about those bank accounts which are not part of proof of fund. Like is it mandatory to declare all bank accounts?
Sir thank you for taking your time out to make this video. Does CIC accept recurring deposits as proof of funds?
@@AskKubeir Perfect. Thank you for your prompt reply. Much Appreciated!!
Hi sir, I am applying for Alberta Pnp. What should I put in the box that asks for the amount. I am working and living in Alberta for 3 years now. I do not have any savings now. Should i put ZERO or the amount that is required? Then upload letter of explanation with the jobnoffer? Thanks!
Can my father transfer money onto my salary account in case I need to show proof of funds as a gift deed letter? Or is it necessary to get it transferred to the savings account?
That quite informative. I have a specific query on the recent Yes bank issue. What is our status if the proof of funds shown is with Yes bank with a withdrawal limite of 50K. It would be of great help if you could put some light on it.
Thanks for your reply. That surely will make many feel relieved.
Hello Kubeir. I have a question. I recently got an ADR to update my POF but the exchange rate has been fluctuating with my countries currency. I finally submitted by adding more money to my POF. My question now is will application be assessed on rate on the day of submitting the updated POF or the day of assessing the application by the VO. and will adding almost 2M to my POF in 2 days to cover for the fluctuations in two days raise an eyebrow.
Hi Kubeir sir,
I submitted my PR application with Balance Certificate with stamped but statement is e-statement which is not stamped.
Is it okay?
@Ask Kubeir.Sir i had a car loan before provincial noi.Also i had sufficient proof of funds.But i repaid my car loan by money from my relatives and closed the loan.So i did not mention about the loan in my proof of funds.It was being reflected in my monthly statement.I have submitted my nomination application .Do i need to provide the gift deed for the money which i used to repay the car loan?
Hello Sir
Thank you for the great video post.
If you receive a gift in the form of cash and then you go and deposit in your bank account will a gift deed work in this case? Since the gift came in the form of cash.
Thank you
Did u get an answer?
What did u do ?
Did you get ur ans?
An outlander with job offer also require funds to show?
Hello, I would like some clarifications regarding POF. I applied for oinp on 19 oct 2023, my pof based on the website the officer checked was total cad 17187 for 2 persons. I received nomination letter & ITA. I am planning to submit my pr application on 27 march 2024. My question is, will ircc count my proof of fund like for oinp funds dated 19 oct 2023 or 27 march 2024? Am really confused. I need clarification for that& also on which website can i calculate my POF ? Thanks for replying its urgent.
Good day sir, I received my settlement funds from my mum on a NEW ACCOUNT opened in December 2019. I know the other docs to provide as you advise. However, how do i show 6-month statement of account when my account was opened barely one month ago?
Gift deed 11:19
Very informative video...
Hi, can you please answer this: i have a chit fund scheme for which I pay from my account every month and I will get a lumpsome amount soon..would that be okay for IRCC as I will have to keep paying them the amount every month for another year..it's around 40000 rs per month? Thanks a ton for always supporting people like us...
Hello sir, Thank you so much for making such a video.
Sir, I have a credit card associated with my account and should I show any document related to my credit card?
@@AskKubeir Thank you sir,, online statement will suffice or it should be in letterhead?
Sorry for asking another question sir, but it is important to execute your suggestion.
Hi, Thank you for the wonderful information.
I have got the nomination and i am about to get ITA from express entry. I have query that, I have proof of funds in 3 different banks. So can I attach 3 different pdf as proof of fund or I can attach only one pdf which has all 3 bank proofs ? In case of SINP, I was able to attach different pdf for each FD and account. Please guide for the same. Thank you.
Appreciate it 🤝
I have fixed deposit and a credit card on that FD...will there be a problem?
@@AskKubeir thank you sir...
Sir, is it mandatory that we get the letter from all the banks in which we are the current account holder? or only the statement from one bank should do that we are going to use for the proof of funds? (I use all the accounts however funds are available only in one account).
Can we show gold loan amount as a proof of fund
No, it's loan and not proof of funds
How old should be the bank letter from the date of submitting the PR application? Can it be taken anytime after ITA or should it also be having details of even one day before submission of PR application?
What about demand draft?
Can I take gift deed from my father in law? I am primary applicant and my husband is secondary in our case.
Im sure you have gotten your pr right ?
20% of the required funds deposits recently should be justified?
It is better to explain
Hi. My wife is the primary applicant and I am the one who is showing the funds. So for my funds do I need to show the letter from the bank and 6 months SOA. The reason is my degree and masters can only be attested through icas and will take time. Please advise
Mutual fund and Stock Investment can we show as a Proof of fund...
Appreciable
If the bank gives pof letter in INR is it mandatory to mention it in Canadian dollar Pl clarify
What if we have submitted fds from a financial instution and not a bank.do we still need to give 6 months balance certificate
Hi sir thanks for the informative video. Please suggest if a ULIP policy maturing after 1 year can be considered as proof of funds?
@@AskKubeir Thankyou sir for the prompt reply :)
Sir, if i manage to get all infirmation in offical letter head, do i still need to provide bank statement?
Hello! Sir I need your help please guide.
I have a running car loan from another bank (Yes bank) but the amount of this car loan gets deducted from the account in which the funds are placed, and I receive my salary. (Bank of Baroda)
So do I need to justify the car loan payment that gets deducted from my salaried account every month?
What do I need to do in this scenario? Clear my car loan and get the NOC or Leave it as it is or should I prepare any letter from the another bank ?
A married person coming single to Canada without spouse and child through express entry he wants to show his proof of funds only for him($12,669) or for total family($19,390).
Sir my wife is planning to be primary applicant our FD are on my name is it ok or should it be in her name?
@@AskKubeir sir when we used crs tool we are getting a score 434 do we hold any chance for ITA ,
Hello Mr. Kubeir, warm greetings. Thanks for such a valuable information. One query. Do I need to provide affidavit/gift deed, etc. for the FDs held jointly in my father's name (I am the first holder) but liquidated before PR application? The savings bank account in which the FD proceeds will be credited is held jointly with my spouse.
Please provide the useful guidance. Thanks in advance.
@@AskKubeir Excellent. Thanks a lot for the truly express reply!
Cryptocurrencies are not acceptable as PoF but what about the funds in INR as a result of sale of cryptocurrencies? Do I have to maintain for 6 months and will IRCC accept those funds if I explain in LoE?
@@AskKubeir awesome! thank you
If FDs are 6 months old,still should I provide source of fund?
@@AskKubeir sir..what about FD which is 3 months old?
What can I do if I can only provide 6 months bank statement + paper of date of account creation? The bank is outside my country and they can not provide me with bank letter .
@@AskKubeir let's say I can not get it because they do not have such a thing (and what I did when I got nominated from NB is I provided bank statement + black official paper contain my account details and date of creation for my account) with small LOE state on why I could not get the letter ?
How did u go about it? Loe worked?
@@she0345 it did worked and explained in LOE
Hello sir. I'm going 2 be using my salary account for proof of funds & i intend building it up gradually but I'll need to add about 1000CAD monthly to it from another of my accounts to round it up. Is there any need 2 show explanation for the 1000CAD? It isn't a huge sum so, I'm assuming it shouldn't look like a surge & the immigration officers won't be disturbed about it. But I want to be extremely sure so I won't be rejected. Thank you & pls reply.
Hi Emeka, did it worked for you? Actually I am also going this way , depositing small amount from another account?
Heloo Dear , did you get the answer ? I in same situation 😕. Please leave a comment of how you go about it..
I had deposited cash in the bank account, apart from salaries i earn rent of let out property as well as business consulting income on part-time basis, i file my income tax returns every year and disclose all income so i have CA certified balance sheets and income computations. is it sufficient to prove the source of cash??
Is it must that gifted money comes to my account through another bank account or it can be Cash amount as well.
@@AskKubeir My father today credited some money in my SBI account by cash deposit for the need of showing proof of funds. If cash deposit is not credible then, I can again make a payment by giving this money to my father by cheque and then again getting it from him by RTGS from Post office into the same account. Will this be fine, Sir ?
Hi, warm greetings, I've two bank accounts, one is my salary account, it's the same where I've deposited funds for pof and another account from where my home loan gets deducted every month, do i need to show the home loan account info?? Pls advise.
Dear sir. I like to know where's i should keep this funds?. is it in canadian any banks or my bangladeshi any banks?.
If FDs are old ones then wat documents we need to provide?
Hello Sir, thank tou for the detailed and helpful vedios...,i havea clarification.....I am in Canada on work permit, and my son on study permit ...can I project the savings from my upcoming years salary? Will this be considered as valid source of funds for my son's living expenses and final year fees? Pls advise 🙏
kubeir sir, can i take some money from parents and some money from friends and maintain this money for straight 6 months, should i have to provide gift deed documents to cic ?
I have opened a new joint account with my spouse. We are planning to put some of our money and will be taking additional gift deed from parents.
By the time we will put our application, account won’t be 6 months old, but will be having adequate money.
Will this suffice?
Hello Sr, thank you for this excellent video.
My question is: I have an account in Australia which is the active one in which I receive my salary, save and so on. However, I have an account in my home country which I have a loan. Do I have to show this loan despite my It does not show any connection with the account that I am going to show to the IRCC?
Thanks a lot for your answer
Whenever you gonna upload the bank statements, the statement contains letters head of the bank and it must says that there is active no loan under your name with the bank and you are good to go.
Best for you to do not show that bank account, if your Australian bank account is enough for proof of fund, just go with that
Hi! My score is 496, currently I’m in UK, but I don’t have any savings, whatever i earn I spend. I’m planning to apply express entry FSW by august 1st week and I plan to take 14000 cad from my family as proof of fund, how should I show this to IRCC so that it does not appear like I borrowed? Edit: Some people say that showing entire amount as gift deed may result in rejection.
I have a salary account in pkr and I am planning to open an account in dollar due to the currency devaluation I want to maintained the funds in dollar and will transfer monthly for say $1000 each month will create any problem?