Asset verification is the process of making valid the information on assets, for example for property, plant and equipment; confirming the existence, location and condition of the asset. Knowing what assets you have, where they are located, when they were purchased, if they are still in use, etc. is critical to any organization.

Keeping a track and managing the fixed assets is critical and a compulsory periodic process that should be carried out in the organization. Maintaining a fixed asset register helps simplify the process.

A fixed asset register typically records the following data:

• Net book value,

• Current and accumulated depreciation rate,

• Location of the asset,

• Custodian rate,

• Cost of the asset,

• Asset use life or depreciation rate.

Parameters for Asset Check ?

Key Validations: Asset details, Overall Address, Landmark, Address Proof, Period of Stay, Residential Status, Type of Residence, Type of Area.

Source & Mode of Verification

Site Visit by Field Representatives

TAT (Turn-Around Time)

5 to 10 Working days