How to get Solvency Certificate in Karnataka?

Solvency Certificate is a document that provides information about the financial stability of an individual/entity.

Solvency Certificates in Karnataka are issued on request of the individual or entity by the revenue department and Banks.

Banks generally issue Solvency Certificates to their customers based on the account details and transactions (both current and savings account) and property documents available.

Eligibility Criteria required to get Solvency Certificate in Karnataka

The applicant should be a permanent resident of Karnataka.

Documents Required to get Solvency Certificate in Karnataka

Following are the documents required for solvency certificate in Karnataka.

• Application form

• Identity/address proof

• Bank statement (savings/current)

• Income tax returns

• Audited financial statements (companies/partnership firms)

• Property documents

• Gold valuation certificate

• Certificate of Net Worth by a Chartered Accountant

• Investment certificate

How to apply online for Solvency Certificate in Karnataka?

You can apply online for a Solvency certificate in Karnataka through 2 websites.

1. Nadakacheri

2. Seva Sindhu

We will discuss the process to apply online for Solvency Certificate in Karnataka through these two platforms here.

How to apply online for Solvency Certificate in Karnataka through the Nadakacheri website?

Follow the steps below to apply online for a solvency certificate in Karnataka.

• Go to Nadakacheri home page.

• Cick on “Online Application”. 

• Click on "Apply Online".

• Enter the mobile number.

• Click on "Get OTP" to receive OTP on your mobile number.

• Click on ‘New Request’.

• Select ‘Agri services’.

• Choose the language of the certificate- English or Kannada.

• Select "Solvency Certificate".

• Enter user details.

• Select the Mode of Delivery, as Nadakacheri or Registered Post.

• Upload the required documents for the solvency certificate.

• Click on ‘Save’.

• Click on ‘Online Payment’.

• Select the Card payment and Card type.

• Click on ‘Make Payment’.

• After successful payment, ACK no. will appear in concerned Nadakacheri’s for further process of application. The final certificate will be obtained from the concerned Nadakacheri center.

How to apply online for Solvency Certificate in Karnataka through the Seva Sindhu portal?

Follow the below steps to obtain Solvency certificate online in Karnataka.

• Go to Seva Sindhu portal

• Click on “Department services”.

• Search "Solvency Certificate".

• Click on Solvency Certificate.

• Click on "Apply Online".

• If you are a new user you can register in the Seva Sindhu portal. If you are an existing user, log in with your mobile number.

• Click on “GET OTP”

• Choose the language of the certificate- English or Kannada.

• Enter user details.

• Click on the "I agree" checkbox and fill the Captcha code as given and submit.

• Attach the required documents and save them.

• Saved Documents will be displayed.

• Click on e-sign and proceed.

• The E-Sign page will be displayed. Fill Aadhaar number to get OTP and proceed to payment.

• Click on make payment and proceed.

• After Payment is Successful, Sakala acknowledgement will be generated

Track Status of Solvency Certificate in Karnataka through Nadakacheri website

Follow the below steps to track the status of the Solvency certificates in Karnataka.

• Visit Nadakacheri website.

• Click on "Online Application".

• Click on"Application Status".

• Enter the Application type and Application number.

• Click on "Get Status" to know the status of your application.

Track Status of Solvency Certificate in Karnataka through Seva Sindhu portal

Follow the below steps to track the status of the Solvency certificate in Karnataka through the Seva Sindhu portal.

• Visit Seva Sindhu portal.

• Click on "Track your Application Status"

• Enter the Application Number

• Status of Application will be displayed

Fees Required to get Solvency Certificate in Karnataka

The general fee structure of Solvency Certificate in Karnataka is INR 40.

Time Required to get Solvency Certificate in Karnataka

The processing time for Solvency Certificate in Karnataka is 21 days.

References

In creating this guide, we have referred to high-quality, credible sources such as official government orders, user manuals, and relevant materials from government websites.

1. List Of Online Services Delivered Through Nadakacheri
2. Nadakacheri User Manual