Net Worth Certificate for Foreign National / OCI / PIO in India (2026)
Net Worth certificate for foreign national / OCI / PIO in India. Apostilled documents, foreign bank statements, foreign assets. From ₹4,999.
Foreign nationals, OCI (Overseas Citizen of India), and PIO (Person of Indian Origin) often need a Net Worth Certificate for various purposes in India — bank account opening, property purchase, business setup, visa extension, etc. The certificate must include all global assets + liabilities, supported by apostilled documents. In this guide, we cover the specific requirements.
When is Net Worth Certificate Required for Foreign National / OCI / PIO?
- Opening a bank account in India (current, NRE, NRO, FCNR)
- Buying property in India
- Setting up a business in India (Pvt Ltd, LLP, branch office, liaison office)
- Visa extension (employment, business, student)
- Long-term stay in India (PR application)
- Foreign remittance (for any purpose)
- Tax filing in India (as a non-resident)
Documents Required
- Passport (apostilled by Indian consulate / Hague Convention)
- Visa / OCI / PIO card (apostilled)
- Foreign address proof (apostilled)
- Foreign bank statements (last 6-12 months, all accounts)
- Foreign ITR (last 3 years, in country of residence)
- Foreign property documents + valuation (apostilled)
- Foreign demat + investment statements
- PAN (if available in India)
- Aadhaar (if available in India)
- Indian bank statements (if any Indian accounts)
- Indian ITR (if filed in India)
Format of the Net Worth Certificate
The format is similar to the standard format, with additional notes about foreign assets + currency conversion.
- CA letterhead + ICAI firm registration + UDIN
- Date + place of issue
- To the recipient (bank, embassy, registrar, etc.)
- Subject: Net Worth Certificate of Mr. / Ms. [Name] (Passport No. [Number], Nationality [Country])
- Reference date
- Statement of Global Assets (in INR, with foreign currency note)
- Statement of Global Liabilities
- Net Worth Computation (in INR + approximate USD/EUR/GBP)
- Notes: foreign assets are valued at market value in country of residence + converted to INR at the prevailing exchange rate; foreign documents are apostilled; net worth is as on the reference date
- CA signature + seal + UDIN
Cost
| Service | Cost |
|---|---|
| Net Worth Certificate (foreign national, general) | ₹4,999 - ₹7,999 |
| Net Worth Certificate (OCI / PIO, India-specific) | ₹4,999 - ₹6,999 |
| Net Worth Certificate (foreign property purchase in India) | ₹5,999 - ₹9,999 |
| Net Worth Certificate (foreign business setup in India) | ₹7,999 - ₹14,999 |
| Net Worth Certificate (urgent, 24-hour delivery) | Additional ₹2,000 |
Frequently Asked Questions
Q: Do foreign documents need to be apostilled?
A: Yes. All foreign documents (passport, visa, bank statements, ITR, property) must be apostilled by the Indian consulate in the country of residence OR by a Hague Convention apostille authority.
Q: How is foreign currency converted to INR?
A: At the RBI reference rate (prevailing on the reference date) or the bank's TT buying rate (if the certificate is for a bank). The conversion rate is mentioned in the notes section of the certificate.
Q: Is a separate Net Worth Certificate required for each country?
A: No. The certificate can be global — including all assets in all countries. Some recipients may ask for a country-specific certificate, in which case we prepare separate certificates for each country.