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प्रश्न
Attempt the following:
Write a letter requesting the bank to issue a letter of credit.
उत्तर
M/S INNOVALUATION ELECTRONIC CO. LTD.
Registered Office: 45/7, Alpha House, Galaxy Road,
Nashik: 422 006.
CIN: L212208MH2021PL05689123
Tel. No. (022) 2422 2848
Fax No. (022) 2422 0202
Website: www.innoelectrocoltd.com
Email: [email protected]
Date: 1st August 2021
Ref. No. IE /491 /18 /18-19
The Bank Manager,
The Union Bank of India,
Galaxyn Road Branch,
Nashik - 422 006.
Sub: Issue of letter of credit
Ref - Our Current Account No.1895
Dear Sir,
We are pleased to inform you that we have secured an import license from the Central Government for the import of a variety of electronic goods from the United States.
After going through the quotations received from six leading exporters of the U.S. we have decided to place an order with S.R.M. Electronics, Los Angeles for the supply of different electronic goods worth 40,000 US dollars. We have been asked by them to send a Letter of Credit for the said amount.
We, therefore, request you to issue a Letter of Credit in favour of S.R.M. Electronics, Los Angeles for 40,000 US dollars. The said amount may be debited to our Current Account No. 1895 in your bank.
Kindly issue a letter of credit as early as possible.
Thanking you,
Your faithfully,
For M/s Innovaluation Electronic Co. Ltd
Sd./
Company secretary
APPEARS IN
संबंधित प्रश्न
Write a word or a term or a phase which can substitute the following statement:
Separate loan account under which the short term loan facility given by bank to the business
Write a word or a term or a phase which can substitute the following statement:
The account which is generally opened by business organization.
Select the correct answer from the options given below and rewrite the statement.
Resolution for opening Bank Account is passed in the _________ meeting.
Select the correct answer from the options given below and rewrite the statement.
Bank provides overdraft facility to ___________ account holder.
Select the correct answer from the options given below and rewrite the statement.
__________ is used for depositing cash into a bank account.
Select the correct answer from the options given below and rewrite the statement.
Withdrawals are not permitted from the ____________ deposit account.
Match the pairs.
| Group ‘A’ | Group ‘B’ |
| a) Lost cheque | 1) Board of Directors |
| b) Appointment of Banker | 2) Higher rate of interest |
| c) Cash credit | 3) Used for depositing cash and cheque |
| d) Fixed Deposit Account | 4) Stop Payment |
| e) Savings Account | 5) Restrictions on withdrawals |
| f) Pay-in-slip | 6) Separate Account |
| g) Overdraft facility | 7) Current Account |
| 8) Recurring Account | |
| 9) Shareholders | |
| 10) No interest is paid | |
| 11) Used for withdrawing amount from account | |
| 12) Long term credit facility | |
| 13) Certain restrictions on withdrawals | |
| 14) Dealing in foreign exchange |
Write a word or a term or a phase which can substitute the following statement:
Negotiable Instrument which can be discounted with the bank.
State whether the following statement is true or false :
Generally no interest is paid by bank on Current Account.
State whether the following statement is true or false :
Board resolution is not required to open the Current Account with the bank.
State whether the following statement is true or false :
Bank account of company is operated by shareholder.
State whether the following statement is true or false :
Overdraft facility is granted to Savings account holders.
State whether the following statement is true or false :
Bank correspondence should be brief and to the point.
Find the odd one:
Answer in one sentence:
What is a Letter of Credit?
Answer in one sentence:
Which facility is given to Current Account holder?
Justify the following statement:
Overdraft facility is given only to current depositors?
Explain the following term/concept:
Discounting of Bills
Explain the following term/concept:
Demand Deposits
Write the meaning of ‘Bank.’
