How to Obtain Net Worth Certificate for Visa Applications Processing in India

A Net Worth Certificate is an important document often required for visa applications, particularly for those applying for student or business visa. The basic outline of what you need to include:

1. Header

• Your Name
• Address
• Contact Information
• Date

2. To Whom It May Concern

• A formal greeting stating that the certificate is being issued for visa application purposes.

3. Statement of Net Worth

• It includes reflecting the total net worth of applicant. This should include:
  • Assets: Bank balances, real estate, investments, vehicles, etc.
  • Liabilities: Loans, mortgages, debts, etc.
• Calculation of Net Worth = Total Assets – Total Liabilities

4. Breakdown of Assets and Liabilities

• Provide a detailed list of your assets and liabilities:
  • Assets:
    • Cash and Bank Balances
    • Immovable Property (Property Value)
    • Investments (Stocks, Bonds)
    • Vehicles (Current Market Value)
  • Liabilities:
    • Loans (Home, Personal, Secured or Unsecured)
    • Credit Card Debts

5. Declaration

• A statement affirming the accuracy of the information provided, signed by you.

6. Notary Public or Financial Institution Verification

• If applicable, include a section where a Chartered Accountant can verify the information. This adds credibility.

Sample Format

________________________________________________________________________________________________

[Your Name]
[Your Address]
[Your Contact Information]
[Date]

To Whom It May Concern,

I, [Your Name], hereby declare my net worth as of [Date] to support my visa application.

Total Assets:

• Cash in Bank: Rs. [Amount]
• Real Estate: Rs. [Amount]
• Investments: Rs. [Amount]
• Vehicles: Rs. [Amount]
• Other Assets: Rs. [Amount]

Total Liabilities:

• Loans: Rs. [Amount]
• Credit Card Debt: Rs. [Amount]

Net Worth Calculation: Net Worth = Total Assets – Total Liabilities
Net Worth: Rs. [Total Amount]

I affirm that the above information is accurate to the best of my knowledge.

[Your Signature]
[Your Printed Name]

[Chartered Accountant Verification (if applicable)]