Solvency Certificate Meaning, Documents Required & Format

This article provided information regarding the Solvency Certificate format, application form, issues solvency, and application procedure of solvency certificate.

What is Solvency Certificate?

Solvency is a certificate in which we get information on the financial stability of an entity/individual. It is given by the government and commercial officers, ensuring that the financial credibility of individuals/entities is required. It is a legal document to support the financial strength of every individual/entity.

Banks Issues Solvency

Need for the solvency certificate

  • Visa Interviews
  • To apply for tenders
  • Legal matters
  • To obtain contracts

Documents Required

  • Identity proof
  • Address proof
  • Application form issued by banks
  • Bank savings
  • Financial statements
  • Income Tax returns
  • Property documents
  • Net Worth Certificate (Issued by Chartered Accountant)
  • Additional Investment certificate
  • Gold Validation certificate

Application Fee

The fee charged for receiving the certificate is different from bank to bank. Most of the banks charge nearly Rs 2000 to issue.

Who Issues Solvency?

Banks primarily issue solvency certificates, revenue departments or other financial institutions on request. The most commonly accepted certificates are from banks.

It will have a validity period of one year, and we need to renew it every year to ensure that the certificate is accepted in all cases.

Application Procedure of Solvency Certificate

The applicants who have and maintain a savings/current bank account in banks can apply and submit the certificate. To prepare the certificate, banks will rely on various documents and information.

So before the application procedure for the Solvency certificate, the applicants must also submit the below documents:

  • Property Valuation
  • Gold Valuation
  • Bank Statement
  • If any, fixed deposit receipt
  • If any, Provident & Mutual Fund statements/shares
  • Net worth certificate from the Chartered Accountant

Now submit the application form with all the above documents and photocopies attached by bank officials. Carry the original documents while submitting the form with photocopies for verification purposes.

After submitting the application form and required documents, the bank will process the application form on weekdays and solve Solvency issues. The processing time to get the certificate is 15 days after applying.

Solvency Certificate Format

Below is the Solvency Certificate format

Solvency Certificate Format

To Be Issued on a Bank’s Letterhead


Private and Confidential

To the concerned Authority

Address of the Authority

A/c to (Organisation name)

Reference no.


We, (Name of the bank), at this moment, certify that (Name of business) having their registered office at (Registered office address) is solvent to the extent of INR 25,00,000/- (INR 25 Lakh only) as disclosed to us on (date) with the financial records shared with us.

It should also be noted that this certificate is issued at the request of (Name of individual requesting certificate) without attaching any responsibility or risk on our part in any respect whatsoever, either as a guarantor or otherwise.

For (Name of the Bank)

Signature and Stamp of Bank Manager

Download Certificate PDF: click here

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