A Bank Balance Certificate is a document issued by a bank to verify the current balance in a customer’s savings account. The certificate typically includes the customer’s name, account number, and the current balance in the account.
This certificate may be required for various purpose like visa application, as a proof of financial stability or capability. The certificate provides an up-to-date and accurate record of the customer’s account balance.
Features of a bank balance certificate:
- Shows account balance on a specific date
- Includes account holder’s name and account number
- Printed on bank letterhead
- Signed by an authorized bank official
- Usually requested for a particular purpose (e.g., visa application)
How to Obtain a Bank Balance Certificate?
- Contact your bank (in-person, or by phone)
- Specify the date for which you need the balance confirmed
- Pay any associated fees (NPR 1000 – 1500)
- Collect the certificate (or receive it by mail)
Download Bank Balance Certificate
Download Bank Statement
Bank Balance Certificate VS Bank Statement
While both documents provide information about your account, they serve different purposes:| Feature | Bank Balance Certificate | Bank Statement |
| Content | Shows balance on a specific date | Shows transactions over a period (usually monthly) |
| Format | Typically a single-page document | Multiple pages detailing all account activity |
| Transaction History | Doesn’t show transaction history | Includes opening and closing balances |
| Purpose | Often required for official purposes | Used for personal record-keeping and budgeting |
| Cost | May incur a fee | Regularly provided by banks for free |
When Do You Need a Bank Balance Certificate?
Common situations requiring a bank balance certificate include:- Visa applications
- Mortgage applications
- University admissions
- Business loan applications
- Proof of financial stability for legal purposes