differences between salary certificate and salary letter _ lopol

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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.

WhatisSalaryLetter?Varyingdefinitionsandmeaningsfoundforsalaryletter:

1.Asalarylettercanbecomearequestletterfromanemployeetodepartmentheadforreleasinghis/hersalary.Thisisaninternalcorrespondent(Memo)betweenemployeeandheadoftheinstitution.

2.SameassalarycertificatebutaddressedtoaparticularFinancialinstitution.Itwillindirectlybecomeanofficialcorrespondencebetweentwoofficesaboutanemployee.Itcan'tbesubmittedtoanyotherinstitution.

AnImageofafillinformSalaryCertificateLettergivenabove.

ThistypeofSalaryLetterandSalaryCertificatearesameinallrespectexceptoneminorthing.ASalarycertificateaddressedtoaparticularbankorinstitution,itwillbecalledSalaryLetterwhichcan'tbegiventoanyotherfinancialinstitutionsincaseofrejectedloanrequest.OntheotherhandSalaryCertificateissuedtoemployeeasacertificate,employeecanuseitforotherinstitutionifonehasrejectedhis/herloanapplication.Apartfromthisdifference,allcontentsie.,salaryearnings,deductions,nettotaletc.willbesameinbothdocuments.

Attachment: PDFSalaryCertificateFillinFormPDFSalaryCertificateLetterFillinForm

Articletags:SalaryCertificate SalaryLetter SalaryCertificateFormat SalaryLetterFormat

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AdownloadlinksforPDFSalaryCertificateFillinFormandPDFSalaryCertificateLetterFillinFormaregivenbelowasattachments:

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