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Frequently Asked Questions About (FAQ) Salary Certificate

FAQ-1. How Many Salary Certificates Issued to an Employee

Answer: Normally an employee is entitled to get Salary certificate once in a year. In some organization, it will be given upto 4 in each quarter year gap. It depends the policy of the company / organization, nothing else. Many financial institutions accepts Salary slip instead of Salary Certificate as a supporting document for loan application. In such cases employee can apply for 12 loan applications! This does not mean that employee will get loans from all those institutions.

Functions of Non Banking Financial Company (NBFC)

Non Banking Financial Company also known as NBFC company, functioning as per the Indian Companies Act, giving loans and advances to the public. An NBFC company can acquire shares, stocks, bonds, debentures and securities from Government as well as local authority or any other marketable securities.

Documents Required For "Take Over Loan" From Other Banks

Loan customers may think possibility of transferring loan to more customer friendly bank, sometimes, reasoning better interest rate, relaxation of fine imposing etc. When they think about taking a loan, there may not have studied various bank's terms, conditions, policies. After starting repayment of some installments, they would have learned about their bank's merits and demerits. If another bank has better offer, they can transfer loan to another bank, if current bank allows and economically beneficial.

TDS / Form 16 Certificate - The Proof Of Income Tax Payment Details And Sample Of An Employee

Form 16 certificate also known as TDS certificate is a financial statement issued by an office of a salaried employee that contains earnings, deductions and “Income Tax" or "I-T” paid to the Government. This Form-16 certificate (TDS Certificate) must be issued to every employee who comes under “Tax Deducted at Source - TDS”, by his / her employer in the end of each financial year.

Differences Between Salary Certificate and Salary Letter

Salaried employees must know the differences between Salary certificate and Salary letter. In most cases, salary certificate or salary letter come into picture when an employee thinks about how to overcome current or forthcoming financial crisis - personal debt, purchasing a car, buying a house are the common occasions.

When you contact a financial institutions like bank, they give you a list of documents required for processing loan application. Some institution wanted salary certificate while others wanted salary letter. What are the main objectives and differences of these two documents - salary certificate and salary letter?

What is Salary Certificate?

Salary certificate is a document issued by an office head to their employee upon request made by an employee. The request must have a reason which should mention in the certificate as to own purpose or relatives' / friend's purpose. If approved by management, a certificate will be issued to employee in the subject line of "Salary Certificate". This certificate can be submitted for Loan application to any financial institutions depending upon the relationship and interest. Usually its validity may remain for one year or less.

Procedure of Youth Club Formation and Registration in India

Youth gather in occasions, rather chatting jokes or pressing like button on their Facebook account in their phone, they discuss the issues that affected commonly in their area; sometimes it would be their drinking water, interests, activities, hobbies etc. all has a common goal and interests.

SBI SME Smart Score Bank Loan For C&I, SSI, SBF

SME Smart Score Bank Loan product can be given to units in C&I, SSI and SBF segments for credit requirements between Rs. 5 lacs to Rs. 50 lacs (Rs. 25 lacs for T&S) based on the projected turnover and / or project cost. The loan quantum should be a minimum of 20% of turnover and/or, 67% of project cost. Before applying SME Smart Score Scheme, you are advised to download attached application form, Annexures and Scoring methods to assess yourself. The scoring method is self explanatory and find your score more or less same as to what bank do hence applicant can avoid unnecessary delays for sanctioning the loan. Read carefully every page and try to answer all the questions.

SBI Corporate Internet Banking (CINB) - Saral, Vyapaar, Vistaar, and Khata

Internet Banking facilitates customers performing anywhere banking round the clock. When it comes to corporate customers (non-individual customers) necessitates distinguished features depending on type of corporate entities. The SBI, the largest bank in India provides its featured Corporate Internet Banking (CINB) services suitable to each level and type of corporate customers also known as Current Account Holders. If you already a CINB customer or wish to become a customer, following points must be known for the hassle free, optimized usage of the services.

List of Kerala Scheduled Castes (SC) and Scheduled Tribes (ST)

Whether applying for a job through Kerala PSC or admission to higher studies like Plus One / Graduation or PG etc., some seats are reserved for selection relaxation. Following list showing Scheduled Castes (SC) and Scheduled Tribes (ST) in Kerala must be referred one needed to fill-up the castes of the candidate for eligibility.

Bank Deposit Account - Operations and Different Types of Customers

Operations of deposit accounts varies types of customers mainly individual customers and business customers. Accounts of individuals comprise a majority of the deposit accounts in Personal segment of most banks. Any individual who is a major and of sound mind can open a - Savings account and / or Fixed deposit accounts.

SBI Asset Backed Loan (SBI ABL)

Asset Backed Loan (ABL) against immovable assets or Mortgage of property brings business people a great flexibility showing they are not dependent to any other intermediaries. SBI caters asset backed loan facility to businesses units doing trading, manufacturing and services sectors.

Indian Passport Fee Structure - Fresh (New) and Renewal (Re-issue)

Passport becomes one of the most essential document for citizens who travels outside the country. It has to be obtained from Passport authority by applying and personally visited concerned office for identity verification and photo capturing session prior traveling. There are two schemes available for applying Indian Ordinary Passport, Normal scheme and Tatkaal scheme. The difference between normal scheme and tatkaal scheme are delivery period and fees start from Rs. 1,000.00 to Rs. 5,500.00.

SBI Housing Loan and Documents Required

SBI Housing Loan becomes the most demanding home loan across the banking sector in India and you will never regret if you have taken housing loan from State Bank Of India. Other banks have very attractive offers for housing loan, once you have availed one of those home loans, there will be a day that you realize "I could have at least gone through the details of SBI housing loan". There is a saying among the home loan takers "Upto loan sanctioning, other banks are good; after sanctioning, SBI is good".

Salaried Employees Should Know 6 Important Things Before Applying Bank Loan

After completing probation period, employee gets confirmation which will give pleasure and happiness to the life. The next step thinking to enhance life by adding facilities. It may be a new car or a new house or home appliances like home theater or something else. In normal case, most of the employees depend bank loan to meet their shortfalls of fund. Before going to bank for applying loan, following 6 important things to be checked whether you have met those points speeding up loan process:

Quantity of Rationing Articles Issued Through Ration Shops

Every month, Civil Supplies Department of each state Govt. issues notification stating what are the Rationing articles and their quantity citizen can have as per the classification of ration cards such as PHH, NPHH, (Earlier BPL, APL), AYY etc. Ration card holders can avail these items from their registered retail ration shops on weekly share / monthly share basis. Sugar and kerosene shall be distributed per month and other rice and wheat items on weekly basis.

List of Andhra Pradesh Scheduled Castes (SC) and Scheduled Tribes (ST)

When you are applying for a job through Andhra Pradesh PSC or admission to higher studies like Secondary / Higher Secondary / Graduation or PG etc., you can claim seats reserved under reservation categories mainly for those who comes under Scheduled Castes (SC) and Scheduled Tribes (ST). The list given here is for Scheduled Castes (SC) and Scheduled Tribes (ST) in Andhra Pradesh and  must be referred when you fill-up the reservation category of the candidate for eligibility, there by you will be considered for reservation quota.

3 Documents Prooving Date of Birth (DOB) for Passport Application

Which is the most important document in our life? It would be Property documents or Qualification Certificates or Insurance policies or Share Certificates or Marriage certificate or Fixed Deposit certificates etc. There will be many answers depending on person's state of mind or circumstances. Back to the middle of 20th century and earlier, people were least bothered their birth date because, there were no questionable use of it, except a few people like Govt. servants, Teachers, Defense personal etc. Others, majority of people, only aware that they are living in their locality moving here and there and doing some kind of job or business.

Registrar Of Companies (ROC) in India

ROC functions as registry of company records and issue Company CIN No, related to companies registered with them and located in various States and Union Territories of India. Maharashtra and Tamil Nadu get two ROC due to its heavy requirement, where in North Eastern states altogether gets one ROC in Shillong.