Networth certificate for Student visa

Networth certificate for Student visa

A CA Net Worth Certificate is an official statement prepared by a Chartered Accountant summarizing your or your sponsor's total assets and liabilities. Required for student visas (like in Canada, USA, UK, or Australia), it proves you have the financial stability to support your education and living expenses abroad.What It ContainsThe certificate outlines a consolidated view of your wealth in both local currency (INR) and the target destination's currency (e.g., CAD, USD, AUD). 

• Movable Assets: Bank balances, fixed deposits, mutual funds, provident funds (PF), shares, and gold.
• Immovable Assets: Real estate, residential properties, agricultural land, and commercial buildings.
• Liabilities: Outstanding home loans, education loans, vehicle loans, or credit card debts.
• Calculation: Net Worth = Total Assets - Total Liabilities.

• A valid UDIN (Unique Document Identification Number) generated by the CA.
• The CA’s official seal, membership number, and signature.
• A clear declaration of the certificate's purpose (e.g., "To support [Applicant Name]'s Student Visa Application to [Country]")

1. Personal KYC: PAN card, Aadhaar card, and passport.
2. Liquid Assets: Updated bank statements, Fixed Deposit (FD) receipts, and PF statements.
3. Investments: Mutual fund statements, Demat/share holding reports, and life insurance policies.
4. Real Estate: Property registry papers, valuation reports from a registered valuer, and land records (e.g., 7/12 records).
5. Liabilities: Sanction letters or outstanding balance certificates for any existing loans.