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The no dues form for the employee states that the employee is not required to clear any dues towards the company and is free to leave the company without any charges. It acts as proof that the employee left the company without being obligated to the company in any way.
Format of No Dues Certificate Application I, Mr./Ms. X, residing at (Address), hereby confirms all outstanding dues of my loan of Rs. X lakhs with loan account number XX have been settled. I kindly request the issuance of the No Dues Certificate from the bank.
A no-dues certificate is issued by the branch manager of the bank from where you have taken the loan. If you havent received the no-due certificate from your lender, you need to write a letter to the branch manager of the bank requesting to issue the no-due certificate.
An employee no-dues certificate is a document issued by the company to resigning or terminating employees. This certificate is given to employees working in private and government organizations, assuring that the employee has no dues left to the company.
To obtain a No Dues Certificate, borrowers must request it from their lender upon completing the loan repayment. The lender verifies the repayment status and issues the certificate.
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