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 ₹1,499.
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 can cover assets in India and abroad, supported by foreign documents that the recipient may want apostilled or attested. 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 (NRE / FCNR accounts are for NRIs and OCI cardholders; other foreign nationals have narrower options under FEMA)
- Buying property in India (open to OCI cardholders, except agricultural land, plantation property and farm houses; restricted for other foreign nationals resident outside India)
- Setting up a business in India (Pvt Ltd, LLP, branch office, liaison office)
- Visa extension (employment, business, student)
- Long Term Visa (LTV) applications, where the authority asks for financial standing
- Foreign remittance (for any purpose)
- Tax filing in India (as a non-resident)
Documents Required
- Passport (copy)
- Visa or OCI card (the PIO card scheme was merged into OCI in January 2015)
- Foreign address proof (apostilled or consulate-attested, if the recipient asks)
- Foreign bank statements (last 6-12 months, all accounts)
- Foreign ITR (last 3 years, in country of residence)
- Foreign property documents + valuation (apostilled or attested, if the recipient asks)
- 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 relied on are listed; net worth is as on the reference date
- CA signature + seal + UDIN
Cost
| Service | Cost |
|---|---|
| Net Worth Certificate (foreign national, general) | From ₹1,499, depending on scope |
| Net Worth Certificate (OCI / PIO, India-specific) | From ₹1,499, depending on scope |
| Net Worth Certificate (foreign property purchase in India) | From ₹1,499, depending on scope |
| Net Worth Certificate (foreign business setup in India) | Quoted on scope |
Frequently Asked Questions
Q: Do foreign documents need to be apostilled?
A: Only if the recipient asks. A CA can certify from copies, but many banks and authorities want key foreign documents authenticated: by apostille from the competent authority of the issuing country if it is a member of the Hague Apostille Convention, or by attestation at the Indian mission there if it is not. Indian missions attest documents; they do not issue apostilles for foreign documents.
Q: How is foreign currency converted to INR?
A: At the FBIL reference rate on the reference date (FBIL took over publishing reference rates from RBI in July 2018) 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.
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