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प्रश्न
Attempt the following:
Write a letter requesting the bank for granting overdraft facility
उत्तर
ASTROPHEL COMPANY LIMITED
Registered Office: 32, Moonlight View, Marine Drive,
Mumbai - 400 020.
CIN: L20209MH2020PLC5691320
Tel. No. (022) 298 5618
Fax No. (022) 298 9632
Website: www.astrophelcoltd.com
Email: astrophelcoltd07@gmailcom
Date: 1st July, 2021
Ref. No. ACL/986/E/19-21
The Bank Manager,
The Bank of Maharashtra,
Marine Drive Branch,
Mumbai - 400 020.
Sub: Request for overdraft facility
Ref: Account No. 003035533563
Dear Sir,
As you are aware, our Company has a current account in your bank for the last ten years (Current A/c No. 3563). The Board of Directors in its Board meeting held on 25th June 2021 has decided to request you to grant us an overdraft facility of 5 lakh for a period of three months from August to October 2021. This facility is required for meeting the financial needs of the Company during the ensuing Diwali festival season.
As you know, we are the manufacturers of electronic goods and Equipment. Our experience in this field for the last ten years tells us that the festival season creates a heavy demand for the products of our Company. In view of this, we have started placing orders for the supply of raw materials required for the production of electronic goods and Equipment.
As the suppliers in this line generally do not extend fairly long-term credit facilities, we have to request you to grant us an overdraft facility as stated above. We offer stock in trade worth Rs 3 lakh and a personal guarantee of two directors as security for the proposed overdraft. We shall complete other formalities after hearing from you.
An early reply will be appreciated.
Thanking you
Yours faithfully,
For ASTROPHEL COMPANY LIMITED
Sd./
Company secretary
APPEARS IN
संबंधित प्रश्न
Write a word or a term or a phase which can substitute the following statement:
The short term credit facility given by bank to current account holder.
Select the correct answer from the options given below and rewrite the statement.
Bank is a _______ institution
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.
Generally Interest is not paid on ___________ deposit account
State whether the following statement is true or false :
It is necessary to instruct the bank to stop payment of a cheque which is lost.
Complete the sentence:
Accepting deposits and lending money are the primary functions of ______
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| Primary Function | __________ |
Select the correct option from below
| Group ‘A’ | Group ‘B’ |
| International Trade Transactions | __________ |
Answer in one sentence:
Which facility is given to Current Account holder?
Answer in one sentence:
What do you mean by stop payment of cheque?
Attempt the following:
Write a letter to the bank to stop payment of cheque.
Explain the different types of deposits
Distinguish between the following:
Fixed deposit account and recurring deposit account
Correct the underlined word and rewrite the following sentence:
Under Cash Credit facility businessman /Accountholder can overdraw from his account.
Explain the following term/concept:
Fixed deposits
Explain the following term/concept:
Loans
Write the meaning of ‘Bank.’
