What is a net worth certificate for visa?
It is a net worth certificate prepared for a visa file. It states the total assets minus total liabilities of the applicant or sponsor on a stated date, signed by a practising CA with a UDIN.
Three things make it a visa certificate rather than a general one. It usually shows a second currency, it often certifies a sponsor rather than the applicant, and it is dated close to the application. Applicants and visa agents also call it a CA report, a CA certificate for visa, a wealth certificate or a financial standing certificate.
Which visas usually ask for it
Visa applications that test whether you can pay for your trip or stay are the ones where a net worth certificate is most often used. The requirement, if any, comes from the checklist for your specific visa.
| Visa type | Why financial evidence matters | Whose finances are usually shown |
|---|---|---|
| Student visa or study permit | Tuition and living costs must be covered | Student, parents or sponsor |
| Visitor or tourist visa | Trip costs and ties to India | Applicant, or the family member paying |
| Business visa | Standing of the traveller and the business | Applicant; sometimes the company |
| Investor, business or skilled immigration | Funds to invest or settle | Applicant and spouse |
Many checklists ask for "evidence of funds" without naming the document. A certificate presents property, deposits and investments in one verified statement.
Check your official visa checklist first
Before you order a certificate, read the current checklist for your visa on the official government site or the authorised visa centre. That checklist, not a CA or an agent, decides what you must submit.
Look for four things:
- What proof of funds is accepted. Some lists name specific documents, such as bank statements for a set period or education loan letters.
- The amount you must show, if one is published, and whether it excludes tuition or travel.
- How recent statements or certificates must be.
- Format rules, such as translation, notarisation or an apostille.
If the checklist does not mention a CA certificate, it can still support your file, but it does not replace a document the checklist names.
Country-by-country: what the official sources say
Requirements change, so we quote only what the official pages said when we checked them on 21 September 2026. Confirm them again on the day you apply.
Canada
Canada's immigration department (IRCC) lists the proof of financial support it accepts for a study permit. The list includes proof of tuition and housing paid, education loans, scholarships, bank statements for the past 6 months, a guaranteed investment certificate from a Canadian financial institution, and letters from the person supporting you. It does not name a CA net worth certificate.
For study permit applications received on or after 1 September 2026, IRCC asks a single student studying outside Quebec to show CAD 23,448 a year for living costs, excluding tuition and travel. Each added family member raises the amount.
A certificate is useful for Canada when your support comes from a parent's property and investments, not only cash. Send it with the documents on IRCC's list, not instead of them.
United Kingdom
For a UK Student visa, the official money requirement is £1,529 a month for courses in London and £1,171 a month outside London, for up to 9 months, in addition to course fees. The money must be held for at least 28 days in a row, and the 28-day period must end within 31 days of the application date.
Because the UK test is about money held over a period, account statements are the key evidence; a certificate can explain a sponsoring parent's wider position. For visitor visas, check the supporting-documents guidance for your visa on the UK government site.
Australia
For the Student visa (subclass 500), Australia replaced the Genuine Temporary Entrant (GTE) requirement with the Genuine Student (GS) requirement for applications lodged on or after 23 March 2024. Financial capacity is assessed separately.
Check the Department of Home Affairs pages and its document checklist tool for the current living-cost figure and accepted evidence before you apply. A CA certificate can support a sponsor's financial position within that evidence.
USA and Schengen countries
For US visas, read the guidance on the US Department of State and US Embassy in India websites for your visa class. For a Schengen visa, the checklist of the consulate of your main destination country, or its authorised visa centre, applies. Each Schengen state sets its own means-of-subsistence expectations.
For both, carry the financial evidence the checklist asks for. A certificate can add a verified summary of assets that bank statements do not show.
Whose net worth: applicant or sponsor?
The certificate should show the net worth of the person who is paying. For most student visas that is a parent or other sponsor, not the student.
- Student funded by parents: one certificate for each parent whose assets are shown, or a joint certificate if assets are jointly held and the checklist allows it.
- Visitor paying for the trip: the applicant's own certificate.
- Family paying for a visitor: the sponsor's certificate, with proof of relationship.
- Spouse applying together: separate certificates, or a joint one where the assets are joint.
Jointly held property is shown at each owner's share. See our page on net worth certificates for joint owners if a large part of the assets is joint.
Currency conversion and the exchange-rate date
A visa certificate usually shows each figure in INR and the destination currency, so the officer does not have to convert. The certificate must say which rate was used and on what date.
Since 10 July 2018, the reference rate for the US dollar and other major currencies against the rupee has been computed and published by Financial Benchmarks India Pvt Ltd (FBIL), taking over that role from the Reserve Bank of India. We use the FBIL reference rate for the reference date where one is published. For a currency without an FBIL rate, we use a stated alternative source, such as a bank's published rate, and name it on the certificate.
Two rules keep the figures consistent:
- One date for everything. Assets, liabilities and the exchange rate all use the same reference date.
- Convert the totals the same way. Each line and the net worth are converted at the same rate, so the foreign-currency total matches the INR total.
Sample format: a dual-currency visa certificate
This is an example layout with made-up figures and an assumed rate, shown only to explain the structure.
Example only (illustrative figures; assumed rate ₹84.00 per USD, not a real rate):
| Particulars (sponsor: parent) | Basis of value | Amount (₹) | Amount (USD) |
|---|---|---|---|
| Savings accounts and fixed deposits | Balance as on 31 August 2026 | 18,48,000 | 22,000 |
| Mutual funds and listed shares | NAV or market value on 31 August 2026 | 12,60,000 | 15,000 |
| PPF and EPF | Latest statements | 8,40,000 | 10,000 |
| Residential flat | Registered valuer's report | 67,20,000 | 80,000 |
| Gold jewellery | Valuer's report | 4,20,000 | 5,000 |
| Total assets | 1,10,88,000 | 1,32,000 | |
| Home loan outstanding | Lender's statement | 16,80,000 | 20,000 |
| Total liabilities | 16,80,000 | 20,000 | |
| Net worth | 94,08,000 | 1,12,000 |
Below the table: the reference date, the rate and its source, the purpose ("for submission with a visa application"), the documents examined, and the CA's signature, place, date, membership number and UDIN.
Documents to keep ready
We ask only for what supports the figures. For a student visa, most of the documents are the sponsor's.
Applicant or sponsor identity
- PAN and identity proof of the person whose net worth is certified
- Passport copy of the applicant
- Proof of relationship where a sponsor pays (for example, birth certificate)
- Admission letter or visa reference, where available
Assets
- Bank statements and fixed deposit receipts as on the reference date
- Demat and mutual fund statements
- PF, PPF and insurance surrender value statements
- Property documents and, for high-value property, a registered valuer's report
- Gold or jewellery valuation, if included
Liabilities and income
- Statements for every outstanding loan (home, vehicle, personal, education)
- Credit card statements where dues are significant
- Income-tax return acknowledgements and salary slips, if the checklist asks for income as well
Supporting documents that go with the certificate
A net worth certificate works as a summary. Officers usually check it against primary documents, so keep these in the same file where the checklist asks for them:
- Bank statements for the period the checklist names
- Income-tax returns of the sponsor or applicant, often for recent years
- Salary slips or business income proof
- Education loan sanction letter, if part of the funding
- A sponsor's letter or affidavit of support, where the checklist asks for one
If you need your income-tax returns filed or revised before applying, see ITR filing for salaried individuals or ITR for freelancers. Sending tuition abroad? See 15CA and 15CB for remittances.
Notarisation and apostille
A CA certificate with a UDIN is verifiable online, and many checklists do not ask for more. If your checklist asks for notarisation or an apostille, that is a separate step after the certificate is signed.
Apostille in India is handled by the Ministry of External Affairs (MEA). India has been a member of the Hague Apostille Convention since 2005, and an apostille is accepted in the Convention's member countries. The MEA's attestation and apostille pages and its eSanad portal explain which documents it accepts and the current procedure. Countries outside the Convention may ask for embassy attestation instead. We tell you what your checklist is asking for before you spend on either.
UDIN: how the visa officer checks your certificate
The UDIN is an 18-digit number the CA generates on the ICAI portal for each signed document. ICAI has made it mandatory for certificates signed by practising CAs since 1 February 2019.
Anyone can verify it at udin.icai.org by entering the UDIN and their own name, mobile number and email, then an OTP. The portal shows the document details and the CA who issued it. We suggest you verify your certificate yourself before submitting it. For more on UDINs, formats and uses, see our main net worth certificate page, and for other certificates a CA signs, see CA certificates.
Visa certificate vs general net worth certificate
The calculation is the same. The presentation and the person certified change.
| Point | For visa | General |
|---|---|---|
| Currency | INR plus the destination currency, with rate and date | Usually INR only |
| Purpose | Proof of funds for a visa file | Loans, tenders, franchise, court |
| Whose net worth | Often a parent or sponsor | Usually the applicant or the entity |
| Reference date | Close to the application date | Set by the institution |
| Goes with | Bank statements, ITRs, sponsor letter | Balance sheet, loan papers, tender forms |
| UDIN | Required | Required |
Net worth certificate for visa: fee
Our professional fee is from ₹1,499 per certificate. There is no government fee.
| Fee | Amount |
|---|---|
| Regikart professional fee, visa net worth certificate with UDIN | From ₹1,499 per certificate |
| Government fee | No government fee |
| UDIN generation and verification | Free (ICAI portal) |
Professional fees exclude GST at 18%. Government fees, where they apply, are paid at actuals to the department and are shown separately. Fees verified on 21 September 2026.
The final fee depends on the number of assets, whether you need separate certificates for two sponsors, and whether a registered valuer's report is needed for property. The valuer's fee, notary charges and any apostille charges are separate and paid to the person or office concerned. We confirm the fee in writing before we start.
How we issue your visa certificate
The work runs in six steps. In our usual experience it takes 1-2 working days once documents are complete.
- Destination and person. You tell us the country, visa type, appointment date and whose net worth is to be certified.
- Checklist review. You share the checklist or the relevant lines. We note any format, date or currency instructions.
- Documents. You upload statements and records. We send a short list of anything missing.
- Verification and conversion. A CA checks each figure, fixes the value basis and converts at the stated rate for the reference date.
- Draft for approval. You check names, passport details, figures and currency before signing.
- Signing and UDIN. The CA signs, generates the UDIN and sends the signed PDF. A signed hard copy can be couriered if your visa centre wants originals.
How recent should the certificate be?
No Indian law sets a validity period. The visa authority decides how recent your evidence must be, so follow the checklist.
Where the checklist is silent, get the certificate close to your application date, on the same reference date as your latest bank statements. A signed certificate cannot be re-dated.
What weakens a visa net worth certificate
These are the problems we check for before signing.
- No UDIN, or one that does not verify. The officer can check it online.
- Wrong person certified. A student's own small savings certificate does not show a parent's funding.
- Figures that do not match the bank statements. The certificate and the statements must agree on the same date.
- No rate source or date. A foreign-currency figure without both is hard to rely on.
- Unsupported property values. State the basis; use a valuer's report for high-value property.
- A certificate used in place of a required document. If the checklist names bank statements for a period, those are still needed.
Why Regikart
Regikart is a CA and CS firm serving 250+ clients from offices in Kolkata (head office), Delhi and Bengaluru. Your certificate is prepared and signed by a practising Chartered Accountant.
- Fee shown upfront: from ₹1,499, confirmed in writing before we start.
- Checklist-led: we read your visa checklist before drafting, so the certificate fits the file.
- Stated currency basis: FBIL reference rate where available, with the date on the certificate.
- Remote issuance for sponsors abroad: upload, signed PDF by email, hard copy by courier where needed.
- Related help: PAN for NRIs and NRI income-tax returns for families with members abroad, and UAE company setup if you are also setting up a business in the UAE.