Post
by neosumit » Thu Sep 23, 2010 1:31 pm
Though it is ideal that you maintain that amount so that in case you need to file a repeat application (not an ideal but probable scenario), but I think it is not at all a problem to apply using the funds which were lying in your account which you showed as proof of 'maintenance funds'.
Since the guideline clearly states that you should show statements dated no more than 1 month from the date of application, the fund after that can be put to any use.
And in case, even if an inquiry is done for the funds, it would only be done for the period for which you are claiming the proof of funds. Beyond that, the case worker has no legitimate right and authority to see where you use your funds and for what.
A case in point being a Fixed Term deposit which matures just couple of days after your application date and you use that money to invest somewhere else.
Thus at the time when your application is processed, the above funds would not be logically present. I am highlighting this example just to prove that beyond the 'end date' for which applicant is claiming the funds, it appears clear (to me) that those funds can be put to any use as per the applicant's discretion!
Thanks,
Sumit.