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In principle, fixed account should not matter as it is still a cash deposit but you need to make sure you can have all the right documentation as specified.np_7777 wrote: ↑Thu Dec 06, 2018 1:36 pmHi All,
Wanted to check if the funds kept in Fixed Deposits in India (equivalent to Fixed Rate Savings in UK) can be counted towards the £200K fund requirement.
My banker is okay to give a statement that the total liquid funds are greater than £200K (after accounting for the penal interest for foreclosure)
Will home office accept this or would they have issues with it ?
Thanks in advance.
My experience about this point as bellow:np_7777 wrote: ↑Thu Dec 06, 2018 1:36 pmHi All,
Wanted to check if the funds kept in Fixed Deposits in India (equivalent to Fixed Rate Savings in UK) can be counted towards the £200K fund requirement.
My banker is okay to give a statement that the total liquid funds are greater than £200K (after accounting for the penal interest for foreclosure)
Will home office accept this or would they have issues with it ?
Thanks in advance.
This means you should have access to it as 'Cash' and even ISA is not accepted. You can easily withdraw cash in ISA accounts in the UK however this is not even accepted.Available money must be cash, not in Individual Savings Accounts (ISAs) or other assets such as stocks and shares.
Yes, multiple accounts are ok