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KSFE Salary Certificate Form PDF Free Download
KSFE Salary Certificate Form
Salary And Minimum Salary
- “salary” for this purpose includes Basic pay plus D.A. (Dearness Allowance) and ad-hoc DA/increase and P.P (Personal Pay), if any.
- “Minimum Salary”
Only permanent employees who are drawing a minimum net salary of ₹5000/- will be accepted as sureties/guarantors.
Classification Of Sureties
- “SREG” (Salary Recovery Enforceable Group)
- “SRNEG (Salary Recovery Non-Enforceable Group)
Salary Requirement Norms
- SREG employees: The SREG surety (s)/guarantor(s) offered should have a minimum/combined salary of 10% of the future liability.
- SRNEG employees: The SRNEG surety(s)/guarantor(s) offered should have a minimum/combined salary of 12.5% of the future liability.
- Combination of Sureties/guarantors
When SREG employees and SRNEG employees are jointly offered as sureties/ guarantors they should have a combined minimum salary of 12.5% of the future liability.
General Conditions.
- Sureties should be permanent residents of and working in Kerala State.
- They should be permanent/ officiating full-time employees.
- The sureties should have at least 6 months of service left for retirement after the termination of the period of liability.
Self Surety
SREG and SRNEG employees who are chitty subscribers/Loanees can avail of the facility of self-surety/guarantee, up to a liability of ₹5,00,000/- in all schemes, with a minimum net salary of ₹5000/- on the condition that total recovery of the applicant does not exceed 60% including the monthly gross installment amount of the chitty/loan/advance applied for. However for future liability of chitty, up to ₹6,00,000/-, personal surety is accepted on the basis of salary certificate as well as marks as per score card.
Single Surety
The single surety is accepted in all the schemes:
- Up to a liability of ₹5,00,000/- if the principal debtor is unemployed, provided the surety is from SREG with a minimum net salary of ₹5000/-.on the condition that total recovery of the surety does not exceed 60% including the monthly gross installment of the chitty/loan/advance applied for.
- Up to a liability of ₹10,00,000/-, where the principal debtor is from SREG, provided both the principal debtor and surety have a separate minimum net salary of ₹5000/-.on the condition that total recovery of the principal debtor does not exceed 60% including the monthly gross installment of the chitty/loan/advance applied for.
| Language | English |
| No. of Pages | 3 |
| PDF Size | 1 MB |
| Category | Form |
| Source/Credits | ksfe.com |
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KSFE Salary Certificate Form PDF Free Download