Solvency Certificate

A solvency certificate may be issued on behalf of the approved constituents who are having satisfactory business connections with the Bank for a period of one year at the discretion of the officer or officers authorized by the Board from time to time.

Such an applicant should be a good and regular customer of the Bank having running Current Deposit, Saving Deposits account with the Bank.

The limit to which the solvency certificate to be granted should not exceed 5 time of the turnover in the deposit account of the applicant during the proceeding 12 months.

Average deposit means - Total of all types deposits held at the end of each month during the preceding full/part Co-operative year divided by number of months.

*For further details please contact nearest branch.