One Time Settlement Bank Letter in doc Format

One Time Settlement Letter Sample 

        

Mr A Bachchan                                                                           Date : 15.10.2012

Managing Director

ABC Corporation

125, Nariman Point

Mumbai  - 01

Dear Sir,

Sub : One Time Settlement for a sum of Rs……….. lacs

We are happy to inform you that our bank has agreed for a one time settlement of Rs………………. lacs as against a gross outstanding from your company of Rs……………………….. to be settled on or before ………………..…… against a post dated cheque. On realisation of the cheque, we will release our charge on the concerned securities.

There is a simple agreement to be signed soft copy of which is being sent to you.

Thanking you and assuring you of our best attention at all times.

Yours faithfully,

(S Khan)

Manager, SBI