For VISA applications, loan applications etc, a lot of people ask for last few month’s bank statement. I wonder how accurately can a bank statement capture one’s finances?
For example, even though I have sufficient funds for my needs and small emergencies, in the past 6 months my bank balance has never been more than 15k for a period of more than a week.
however, if I take a small loan, (or put my contingency funds, which I keep in cash in the bank) the same bank statement would look much more attractive.
street, Bengaluru South, Karnataka, India
2 replies on “Bank Balance”
Well u can always ask ur friends/relatives to transfer money to ur account. take a statement and use it for applications.
It never makes any sense.
It might be their standard procedure…
exactly… any fraud can take a loan, and pump up money into their account to fool the authorities
while a genuine guy like me, who is not poor, can have <1000k bank balance.