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DifferencesBetweenSalaryCertificateandSalary
Letter
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InvestaslowasRs1000pminTopSIPsinjust2mins.StartaZipSIP.
SalariedemployeesmustknowthedifferencesbetweenSalarycertificateandSalaryletter.Inmostcases,salary
certificateorsalarylettercomeintopicturewhenanemployeethinksabouthowtoovercomecurrentorforthcoming
financialcrisispersonaldebt,purchasingacar,buyingahousearethecommonoccasions.Whenyoucontacta
financialinstitutionslikebank,theygiveyoualistofdocumentsrequiredforprocessingloanapplication.Some
institutionwantedsalarycertificatewhileotherswantedsalaryletter.Whatarethemainobjectivesanddifferencesof
thesetwodocumentssalarycertificateandsalaryletter?
WhatisSalaryCertificate?
AnImageofafillinformSalaryCertificategivenabove.
Salarycertificateisadocumentissuedbyanofficeheadtotheiremployeeuponrequestmadebyanemployee.The
requestmusthaveareasonwhichshouldbementionedinthecertificateastoownpurposeorrelatives'/friend's
purpose.Ifapprovedbymanagement,acertificatewillbeissuedtoemployeeinthesubjectlineof"Salary
Certificate".ThiscertificatecanbesubmittedforLoanapplicationtoanyfinancialinstitutionsdependinguponthe
relationshipandinterest.Usuallyitsvaliditymayremainforoneyearorless.
WhatisSalaryLetter?
Varyingdefinitionsandmeaningsfoundforsalaryletter:
1.Asalarylettercanbecomearequestletterfromanemployeetodepartmentheadforreleasinghis/hersalary.This
isaninternalcorrespondent(Memo)betweenemployeeandheadoftheinstitution.
2.SameassalarycertificatebutaddressedtoaparticularFinancialinstitution.Itwillindirectlybecomeanofficial
correspondencebetweentwoofficesaboutanemployee.Itcan'tbesubmittedtoanyotherinstitution.
AnImageofafillinformSalaryCertificateLettergivenabove.
ThistypeofSalaryLetterandSalaryCertificatearesameinallrespectexceptoneminorthing.ASalarycertificate
addressedtoaparticularbankorinstitution,itwillbecalledSalaryLetterwhichcan'tbegiventoanyotherfinancial
institutionsincaseofrejectedloanrequest.OntheotherhandSalaryCertificateissuedtoemployeeasacertificate,
employeecanuseitforotherinstitutionifonehasrejectedhis/herloanapplication.Apartfromthisdifference,all
contentsie.,salaryearnings,deductions,nettotaletc.willbesameinbothdocuments.
AdownloadlinksforPDFSalaryCertificateFillinFormandPDFSalaryCertificateLetterFillinFormare
givenbelowasattachments:
Attachment:
PDFSalaryCertificateFillinForm
PDFSalaryCertificateLetterFillinForm
Articletags:SalaryCertificate SalaryLetter SalaryCertificateFormat SalaryLetterFormat
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