Networth Certificate from a Chartered Accountant
A Networth Certificate is one of the most frequently requested documents for visa applications, tender eligibility, bank loan processing, and business partnership evaluations — and it must be prepared by a practising Chartered Accountant and clearly show the basis of valuation to be accepted. Justsetu LLP prepares Networth Certificates for individuals and businesses, computed from verified financial statements, bank records, and asset valuations, in the exact format required by the requesting authority.
What Is a Networth Certificate?
A Networth Certificate is a formal statement, certified by a Chartered Accountant, of an individual’s or entity’s total assets minus total liabilities as on a specific date, giving a snapshot of financial worth. It is typically required by embassies (for visa financial-sufficiency proof), banks and NBFCs (for loan eligibility and guarantor evaluation), government tender authorities (as a financial capability criterion), and business partners or investors evaluating a counterparty.
Common Uses
Visa applications (study, immigration, and business visas often specify a minimum net worth); bank loan and overdraft facility applications, particularly for guarantors; government and private tender eligibility criteria; and due diligence during business partnerships, franchise agreements, or investment discussions.
Documents Required
- Bank statements and fixed deposit certificates.
- property ownership documents and, where required, a valuation report.
- details of investments (shares, mutual funds, insurance policies).
- loan statements showing outstanding liabilities.
- income tax returns for recent years.
- and, for businesses, audited or provisional financial statements.
Process & Timeline
- Collecting and verifying documentary evidence for all assets and liabilities to be included.
- Valuing assets on an appropriate basis (cost, market value, or as specified by the requesting authority).
- Computing net worth as assets minus liabilities as on the specified date.
- Preparing the certificate in the CA’s letterhead with the required declarations, UDIN (Unique Document Identification Number), and signature.
- Issuing the final certificate, typically within a few working days once all supporting documents are available.
Why Justsetu LLP
Every certificate we issue carries a UDIN, generated on the ICAI portal, which lets banks, embassies, and tender authorities verify its authenticity online — an increasingly important check as fraudulent CA certificates have become more common.
Frequently Asked Questions
Most commonly for visa applications, bank loan or guarantor evaluation, government tender eligibility, and business partnership or investment due diligence.
Bank statements, property documents, investment records, loan statements for liabilities, and recent income tax returns, so the CA can verify and value each asset and liability accurately.
No, a Networth Certificate reflects total assets minus liabilities at a point in time, while an Income Certificate reflects earnings over a period — they serve different verification purposes.
UDIN is a unique number generated by a Chartered Accountant on the ICAI portal for every certificate issued, allowing the recipient to verify the certificate’s authenticity online and reducing the risk of forged documents being accepted.
Property is typically valued at cost, circle rate/guidance value, or fair market value based on a valuation report, depending on what the requesting authority (bank, embassy, tender body) specifies.
Yes, Networth Certificates are commonly issued for both individuals and business entities, based on their respective financial records.
Typically a few working days once all supporting documents for assets and liabilities are provided and verified.
It is a professional certification based on the information and documents provided; the CA certifies it as accurate to the best of their verification, and it is generally accepted as reliable evidence by banks, embassies, and tender authorities.
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