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Composite Debit Balance Confirmation (With Security) (SD 23)

The document is a composite debit balance confirmation letter from a bank to a customer. It confirms the customer's account balance as of a certain date, lists the various security agreements in place to secure the outstanding balance, and requests the customer and any guarantors to sign and return the letter with their confirmation and acknowledgment of the debt and security agreements. The letter is intended to confirm and acknowledge the customer's loan obligations and secured nature of the debt.

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2K views2 pages

Composite Debit Balance Confirmation (With Security) (SD 23)

The document is a composite debit balance confirmation letter from a bank to a customer. It confirms the customer's account balance as of a certain date, lists the various security agreements in place to secure the outstanding balance, and requests the customer and any guarantors to sign and return the letter with their confirmation and acknowledgment of the debt and security agreements. The letter is intended to confirm and acknowledge the customer's loan obligations and secured nature of the debt.

Uploaded by

shailesh more
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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COMPOSITE DEBIT BALANCE CONFIRMATION (with security) (SD‐23)

To: Ms. Union Bank of India


Branch

Dear Sir, Dear Sir,


1. From the statement of account dated I/We state that we have received the Statement
sent to you, your account has been debited of Accounts dated from the branch
with Rs. being the interest for the and that we have reconciled the figures with our
period ended December 20 and that the accounts and have satisfied outselves with the
balance of your Overdraft/Cash Credit/Loan balance as shown in the said Statement of
Account as on /31st December 20 was Account.
debit Rs. (Rupees
only) I/We the borrower/s hereby further confirm
and acknowledge my/our indebtedness to your
2. The above balance and the balance outstanding Bank as on in the sum of

from time to time in the account are secured Rs. inclusive of interest upto
by: stated in your letter dated
(a) Demand Promissory note dated and further confirm and

for Rs. executed by acknowledge that the debt is secured in the


in favour of the manner stated in the said letter dated
and that the aforesaid
Bank.
(b) Letter of continuity dated documents of security and the equitable
executed by . mortgage by deposit of title deeds and/or legal
(c) Pledge Agreement dated mortgage created on are in full
(d) Hypothecation (Goods) Agreement force and effect and that the security thereunder
dated is also in full force and effect and I/We continue
of all tangible movable property to be liable to you in accordance with the terms
including . thereof.
(e) Letter of Undertaking dated We also confirm that the Statement of Account
(f) supplied by the branch are held on our record.
(g)
(h) Equitable Mortgage of immovable
property situate at created by deposit SIGNATURES Yours faithfully,
of title deeds at on the day of
19 /20
(i) Legal mortgage of immovable property
situate at pursuant to the Deed of
mortgage dated and lodged for
registration/registered. Date:

3. Please return this form to the bank at the I/We the guarantor/s do hereby concur with
earliest with the confirmation signed below the foregoing acknowledgement of liability and
by each account holder over a revenue confirm that the letter of Guarantee dated
stamp AND ALSO with the confirmation of executed by me/us as stated
each guarantor/s signed across a revenue hereinabove is in full force and effect and that
stamp. I/We continue to be liable to your Bank in
accordance with the terms thereof.
4. Duplicate copy may be retained for your
records.
SIGNATURE(S) Yours faithfully,

Yours faithfully Date:


NB: Each Borrower and Guarantor should sign
across a separate revenue stamp.

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