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Solvency certificate

Solvency certificate

Fees: ₹3005 days
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Solvency Certificate

Solvency Certificate

A Solvency Certificate is a financial document that certifies an individual or company’s ability to meet its debts or obligations, often required by banks, educational institutions, or for visa purposes.

When Is a Solvency Certificate Required?

  • Visa Applications: Used to show financial stability.
  • Business Transactions: To prove financial credibility.
  • Educational Institutions: Often required when applying to study abroad.
  • Tenders and Contracts: Used in bidding for government projects.

Documents Required

  • Bank statements: Past six months.
  • ITRs (Income Tax Returns): Required for verification.
  • Details of assets: Property papers, investments.
  • Proof of identity: Aadhar card, passport.

Steps to Obtain a Solvency Certificate

  • Approach Bank: Submit your documents to your bank for evaluation.
  • Verification: The bank evaluates assets, income, and liabilities.
  • Issuance: Upon approval, the bank provides a Solvency Certificate confirming your financial standing.
  • Service via QikD

    QikD facilitates document submission and verification processes with banks to help clients acquire solvency certificates faster.

    Processing Time

    Typically takes 5-7 business days, depending on the completeness of documents.

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