Get Format Of Letter To Be Given Along With Lien Marked Fd

This guide provides comprehensive instructions on completing the Format of Letter to be given along with Lien Marked FD. The process is designed to be straightforward and accessible for all users, including those with limited experience in financial documentation.

Follow the steps to fill out the form correctly.

1. Click the ‘Get Form’ button to obtain the form and open it for editing.
2. Begin by addressing the letter to the Branch Manager and filling in the name of the Scheduled Bank.
3. In the opening paragraph, clearly state the authority for renewal of Fixed Deposit Receipts (FDRs) and mention the financial institution involved, NKFL.
4. List the details of the Fixed Deposits in the schedule provided. Include each FDR number, date, amount, rate of interest, and maturity date.
5. Indicate the financial assistance amount from NKFL, specifying the time period and interest rate, along with the purpose of the funding.
6. Outline the security arrangement provided by detailing the pledge of fixed deposits in favor of NKFL.
7. Clearly instruct the bank to renew the FDR proceeds and specify the conditions under which interest payments will be made to NKFL.
8. Include any additional instructions regarding payments from the proceeds as specified by NKFL.
9. Confirm the irrevocability of the authority until formally revoked with NKFL's agreement.
10. Ensure the final part of the letter includes the signature of the authorized official and the confirmation section for the bank.
11. Review all completed fields for accuracy before saving, downloading, or printing the form.

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