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SalariedemployeesmustknowthedifferencesbetweenSalarycertificateandSalaryletter.Inmostcases,salarycertificateorsalarylettercomeintopicturewhenanemployeethinksabouthowtoovercomecurrentorforthcomingfinancialcrisispersonaldebt,purchasingacar,buyingahousearethecommonoccasions.Whenyoucontactafinancialinstitutionslikebank,theygiveyoualistofdocumentsrequiredforprocessingloanapplication.Someinstitutionwantedsalarycertificatewhileotherswantedsalaryletter.Whatarethemainobjectivesanddifferencesofthesetwodocumentssalarycertificateandsalaryletter?
WhatisSalaryCertificate?
DifferencesBetweenSalaryCertificateandSalaryLetter
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AnImageofafillinformSalaryCertificategivenabove.
Salarycertificateisadocumentissuedbyanofficeheadtotheiremployeeuponrequestmadebyanemployee.Therequestmusthaveareasonwhichshouldbementionedinthecertificateastoownpurposeorrelatives'/friend'spurpose.Ifapprovedbymanagement,acertificatewillbeissuedtoemployeeinthesubjectlineof"SalaryCertificate".ThiscertificatecanbesubmittedforLoanapplicationtoanyfinancialinstitutionsdependingupontherelationshipandinterest.Usuallyitsvaliditymayremainforoneyearorless.
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WhatisSalaryLetter?Varyingdefinitionsandmeaningsfoundforsalaryletter:
1.Asalarylettercanbecomearequestletterfromanemployeetodepartmentheadforreleasinghis/hersalary.Thisisaninternalcorrespondent(Memo)betweenemployeeandheadoftheinstitution.
2.SameassalarycertificatebutaddressedtoaparticularFinancialinstitution.Itwillindirectlybecomeanofficialcorrespondencebetweentwoofficesaboutanemployee.Itcan'tbesubmittedtoanyotherinstitution.
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AnImageofafillinformSalaryCertificateLettergivenabove.
ThistypeofSalaryLetterandSalaryCertificatearesameinallrespectexceptoneminorthing.ASalarycertificateaddressedtoaparticularbankorinstitution,itwillbecalledSalaryLetterwhichcan'tbegiventoanyotherfinancialinstitutionsincaseofrejectedloanrequest.OntheotherhandSalaryCertificateissuedtoemployeeasacertificate,employeecanuseitforotherinstitutionifonehasrejectedhis/herloanapplication.Apartfromthisdifference,allcontentsie.,salaryearnings,deductions,nettotaletc.willbesameinbothdocuments.
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Attachment:
PDFSalaryCertificateFillinFormPDFSalaryCertificateLetterFillinForm
Articletags:SalaryCertificate SalaryLetter
SalaryCertificateFormat SalaryLetterFormat
CorporateIdentificationNumberorCompanyCINNo.inIndia
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AdownloadlinksforPDFSalaryCertificateFillinFormandPDFSalaryCertificateLetterFillinFormaregivenbelowasattachments:
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