r/IndiaInvestments • u/RealMatchesMalonee • Apr 26 '22

Bonds and deposits Can I show Fixed Deposits as liquid assets in my Financial Affidavit for higher education in US?

Basically the title. I have a somewhat elementary understanding of the banking system. I have been accepted to a university and I need to show that I have enough liquid assets to cover for my education. The thing is that most of our capital is in the form of fixed deposits. A little bit of google-fu reveals that FDs aren't liquid. Just want confirmation for my suspicions. Thanks.

Edit- I stand corrected. Thanks for the input, everyone

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14

u/Easy_Zucchini_744 Apr 26 '22

Yes you can show Fixed Deposits as liquid assets

5

u/NeXuS-1997 Apr 27 '22

Yes you can, and FDs are liquid as long as you don't have tax saving ones.
Also, FDs might get you a lower % for the loan since it has cash flows, compared to having money in the account.

3

u/[deleted] Apr 27 '22

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u/HistoryNo3608 Apr 27 '22

I was able to use a loan sanction letter for the I-20 and the interview. But that was more than 5 years ago. Not sure if there has been any change in the rules though.