Q. 11. Draft a letter a bank manager informs a customer about a personal loan that the Head Office has agreed to sanction his loan.
Ans.
To,
Ashok Kumar 10,
Vijay Nagar, Meerut
Private and Confidential
Date: 28 March 2014.
Sub. : Sanction of Loan
Dear Sir,
Further to our telephone conversation, I am glad to be able to inform you that my Head Office has agreed to make you a personal loan of up to 2,50,000. This loan is to be repaid over a period of three years at an interest rate of eighteen percent.
As arranged, we will now be taking a second charge on your property. We have already received the approval of the Building Society for this charge and we shall be obliged if you would call at this office to complete formalities.
Yours faithfully,
Manager
State Bank of India
Meerut
Q. 12. Draft a letter that a customer requests his bank to stop payment of a cheque.
Ans.
The Manager
The Union Bank Bareilly
Ref: Ch. No. 2911810 of 27th February 2013 for 35000.
Dear Sir,
Please suspend the payment of the cheque referred to above drawn by me in favor of Self, as it appears to have been lost.
Since it happens to be a bearer cheque, I have to request you to take immediate steps to ensure that, if presented for payment, it is duly dishonored.
Kindly confirm,
Yours faithfully,
Pramod
A/c no. 00126790
Q. 13. Write a letter to a customer whose account has been overdrawn informing him that such a practice is not encouraged by the Bank.
Ans.
To,
Neeraj Kaushal
Begum Bagh
Meerut
Ref: Overdraft in S.B. Account No. 107554
Dear Sir,
We wish to draw your attention to the fact that on account of the payment of a cheque forever today, your Saving Bank Account is overdrawn by 800.
Since this is a stray instance of overdraft created in your account, we have honored the cheque. But our normal practice is to insist on prior arrangements for overdraft facilities.
We would request you to settle the overdraft immediately and maintain sufficient balance in your account to meet such contingencies.
We assure you of our best cooperation at all times.
Yours faithfully,
PNB Manager
Abu Lañe Meerut
Q. 14. Write a letter to reply to the customer for an overdraft from the Bank.
Ans.
To,
Das Motors
Abu Lane
Meerut
Sub. : Your application of 1st November for an overdraft of 65,000
Dear Sirs,
We are very glad to note the growth of your business within a short period of three of our customers’ business is always a source of pleasure for us. However, the normal practice is to sanction overdraft against collateral secure
Woonation overdraft against collateral securities rather than personal secu arity, We do realize how beneficial it would be for you to have a financial accommodation. We, therefore, suggest to you to provide some collateral security such as your house shop, building or deeds of any other investments, etc. Alternatively, we can also consider a guarantee from a reputable person.
Please note that the request for such securities is just a matter of general policy in advancing loans or allowing overdrafts.
Manager
Yours faithfully,
Central Bank Sadar Baazar,
Meerut
Q. 15. Write a letter to the bank requesting a bank guarantee.
Ans.
To,
The Manager SBI,
Khair Nagar Meerut
Date: 20 March 2014
Dear Sir,
As you know we have been your customer for the last 10 years. Our company has recently secured a State Government contract for the supply of items of the value of 150000 per month. In this connection, they desire a bank guarantee to be executed by the company’s bankers.
We are sure you would oblige us in this matter. Kindly let us know the security you may insist upon for issuing the bank guarantee.
Yours faithfully,
Javed
A/c no. 007689
Q. 16. Write a letter to the bank requesting for current account statement.
Ans.
To,
The Manager UCO Bank
Meerut
Date: 1 April 2014
Dear Sir,
As our accounting year comes to a close on 31st December 2013, we request you to send our Current Account statement for the period Ist November 2012 to 31st December 2013 so as to enable us to reconcile the bank balance. :
Yours faithfully,
M/s Vijay Kumar and Co.
A/c no. 0098754
