Hi
I have a query related to maintainence funds. i am holding 2 accounts.
1. In one account i have fixed deposit of INR 175000 holding from last more than 10 months. I can get a letter from bank saying it's easy liquid money for me.
2. In 2nd account, I had recently transffered Rs. 65,000 from my wife's account.I made a mulitideposit (fixed) of Rs. 100000 after 2 days. From last 3 months minimum balance in my account has touched 60,000 as well (INR 1,00,000 being there). I had purchased a 2 wheeler for 50000 cash. I have also some transactions for about 20,000 coming in and going out of my account.
My question - Could 65,000 money transfer from my wife's account and immediately a multidepost (fixed) be an issue. Do i need to provide any justification for it.
Do i need to provide justification for money transfer from other sources (not income, my landlord had returned the money)
Overall how does my situation sound from maintainence fund point of view as I think only INR 2,40,000 is the requirement.
Seek your help please.
Kind regards,
Sudhas
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