Beneficiary – Those who wants to obtain Solvency Certificate from Bank.
Sanctioning Limit – One can avail Solvency Certificate facility after fulfilling necessary
formalities and documents.
Criteria to avail Solvency Certificate –
The person who wants to avail Solvency Certificate should be member / shareholder
of the bank and he must have Current / Saving Account with any of the Bank’s
Branch.
If anyone who is not shareholder of the Bank and wants to avail the Letter of Credit
facility, he has to become shareholder by depositing Rs. 1000/- plus 100 entry fees
and GST towards membership.
The rate of commission for Solvency Certificate is Rs. 1/- for per 1000/- Rupees.
The person who wants to avail Solvency Certificate facility should submit with the
Bank the reason for which he required the Solvency Certificate.
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