Solvency certificate is generally issued by the revenue authorities, such as Tehsildar or Sub-Divisional Magistrate. Solvency certificate is issued to an individual, on his request, declaring his financial standing for the purposes such as standing surety in favour of somebody in a criminal case, for securing loans, for securing some business contract, etc.
Such certificate may be issued on the basis of the (1) salary drawn from the Government, (2) the property owned by the individual, (3) his income tax returns, etc., or such other documents which can establish the financial standing of the individual concerned.
For obtaining the solvency certificate, approach the concerned revenue authority in your area, along with all necessary documents (such as salary slips, property documents such as original sale deed, affidavit that such property has not been mortgaged, identity card, address proof, etc.) and make an application in the prescribed format, if any.
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