Question

Write a letter to the depositor informing him about the payment of interest through interest warrant.

Answer 1

KISHOR TEXTILE LTD. Registered Office: 104/B, Bombay House, S. V. Road, Borivali (W), Mumbai 400 103. CIN : L05065 MH 2000 PLC430644 Phone : 022-60304636                    Website: www.kishortesxtilelimited.comE-mail : Fax : 022-40202323                        E-mail: [email protected] Ref. No. K/DEP/34/19-20              Date : 28th July, 2019 Mrs. Lata Dixit C-702, Madhuban Apt.,Shivaji Nagar, Camp, Pune - 411 001.            Sub: Payment of Interest on Fixed Deposits Dear Madam, I am instructed by the Board of Directors to inform you that the interest @10% on your Fixed Deposit approved by the Board has become due. We are enclosing herewith ‘Interest Warrant’ No. 3345, dated 25th July, 2019 drawn on Axis Bank, Borivali Branch for ₹ 2,500/-. Your company has complied with all the provisions relating to payment of interest on deposits The details of your Fixed Deposit and interest payable on deposit are given in the following schedule : 1 2 3 4 5 6 7 Interest Warrant No Fixed Deposit Receipt No Deposit Amount (Rs.) Rate of Interest (%) Gross Amount of Interest TDS @ (10%) Net Amount of Interest Payable (₹) 3345 2032 ₹ 25,000 10% ₹ 2,500 NIL ₹ 2,500/- Interest Warrant is enclosed herewith. Please detach the Interest Warrant along the perforated line. Thanking you,                                                                                                                      Yours faithfully,                                                                                                                  For Kishor Textile Ltd.                                                                                                                               Sign                                                                                                                     Mr. Nikhil Dixit                                                                                                                    Company Secretar Encl : Interest Warrant