Hi gurus,
I'm applying for tier-1 from Mumbai VFs.
I had a query on Maintenance of funds.
ICICI has something called as linked deposits which provide you with the facility to withdraw this money through your ATM card.
I qualify for maintenance if these linked deposits are considered.
This is the format of letter which ICICI is ready to give:
"This is to confirm that Mr xxx maintains a Saving Account relationship with ICICI Bank vide A/c no xxxxxxx since xxxx whose balance as on xxx is Rs.6,00,000 which includes linked fixed deposit of Rs.3,00,000.
The balance in Mr. xxxx a/c no. xxxxx(same as above) has not gone below Rs.3,00,000 for the period xxx to xxx(3 months) "
There is no mention of the withdrawal rights on this letter.
My queries
1. Do they consider Fixed deposits for maintenance qualification.
2. If yes, will this letter suffice.
Thanks,
Anubhav
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