An applicant from India admitted to UNB's MSc Computer Science (SDS category) planned to borrow 6–7 lakhs from his sister for the GIC, with first-year tuition covered by his father's provident fund withdrawal. He asked whether this arrangement risked refusal.
What the thread advised:
- Move the money into your own account first, then buy the GIC. The clear mechanical advice: transfer the funds from your sister's account to your account, and purchase the GIC from your own bank account. The GIC provider's terms expect the deposit to come from the applicant.
- Don't volunteer information SDS doesn't ask for. A member relayed advice from consultants: SDS has a defined checklist, and adding unrequested explanations (like a gift deed for the family transfer) can over-complicate the file. Since detailed source-of-funds proof is not a mandatory SDS requirement, keep the application to what's asked.
- Keep source-of-income proof ready anyway. With a 10+ LPA salary, the applicant could evidence his own earning capacity: ITR and bank statements cover this, and a chartered accountant can prepare a formal source-of-funds report if one is ever requested.
The underlying pattern: family help with the GIC is common and workable — what matters is that the GIC itself is purchased cleanly from the applicant's account, and that the file stays simple.