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    Kamakshi SL

    Uploaded by

    Pavan Kumar
    1. The letter is a settlement/one-time settlement (OTS) offer from IDFC First Bank to borrower Kamakshi Kurkundi for loan account number 100276389. 2. The bank is offering to settle the loan for a total payment of Rs. 16,070 to be paid by May 31st. 3. If Kamakshi pays the full amount by the due date, her loan account will be closed upon realization of payment. However, if she fails to pay by the due date or has provided false information, the offer will be void.

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    Kamakshi SL

    Uploaded by

    Pavan Kumar
    159 views2 pages
    1. The letter is a settlement/one-time settlement (OTS) offer from IDFC First Bank to borrower Kamakshi Kurkundi for loan account number 100276389. 2. The bank is offering to settle the loan for a total payment of Rs. 16,070 to be paid by May 31st. 3. If Kamakshi pays the full amount by the due date, her loan account will be closed upon realization of payment. However, if she fails to pay by the due date or has provided false information, the offer will be void.

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    Kamakshi SL (1)

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    1. The letter is a settlement/one-time settlement (OTS) offer from IDFC First Bank to borrower Kamakshi Kurkundi for loan account number 100276389. 2. The bank is offering to settle the loan for a total payment of Rs. 16,070 to be paid by May 31st. 3. If Kamakshi pays the full amount by the due date, her loan account will be closed upon realization of payment. However, if she fails to pay by the due date or has provided false information, the offer will be void.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    159 views2 pages

    Kamakshi SL

    Uploaded by

    Pavan Kumar
    1. The letter is a settlement/one-time settlement (OTS) offer from IDFC First Bank to borrower Kamakshi Kurkundi for loan account number 100276389. 2. The bank is offering to settle the loan for a total payment of Rs. 16,070 to be paid by May 31st. 3. If Kamakshi pays the full amount by the due date, her loan account will be closed upon realization of payment. However, if she fails to pay by the due date or has provided false information, the offer will be void.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 2

    Settlement Letter

    09-May-23

    Borrower Name: KAMAKSHI KURKUNDI


    Address:No 212 17th b cross,Shivapura,

    BENGALURU,KARNATAKA,560058

    INDIA

    Re: Settlement/One Time Settlement (OTS) of your Loan Account No./Nos: 100276389

    with erstwhile Capital First Ltd.(now merged with IDFC First Bank Ltd) (herein after referred to as “the Bank”.)

    Ref: Your letter No.SET-12759257 dated:09-May-23 for Settlement/OTS

    Dear Sir/Madam,

    With reference to the above, we are pleased to inform you that your request for Settlement/OTS has been approved by the Bank,
    subject to following conditions:-

    1. You should pay the Settlement /OTS amount of Rs. 16,070.00 (Sixteen Thousand Seventy Rupees) as per the schedule below.

    Due Date Amount


    31-May-23 16,070.00/-

    2. That if the Settlement/OTS amount needs to be made by you in either cheque or by way of demand draft as per schedule above on
    or before the date specified (the"Due Date"). Please further note that in the event you fail to deposit the entire sum of Rs. 16,070.00/-
    on or before 31-May-23, as per schedule above, then this offer shall be deemed to have lapsed and you shall be liable to pay to the
    Bank such amounts/sums/charges as may be determined by the Bank in this regard.

    3. That the Bank has the right to withdraw the OTS offer if it comes to know subsequently that you have furnished false or misleading or
    incorrect or untrue information or any material information having bearing on the OTS decision. The decision of the Bank in this regard
    shall be final.

    4. That if payment is made by way of Demand Draft/Cheque , the OTS offer would be valid subject to realization of said Draft/Cheque
    from the respective bank branch.

    Kindly also note that this is a one-time offer, and is without any prejudice to the rights of the Bank under the Agreement(s) that have
    been executed between KAMAKSHI KURKUNDI and the Bank.

    Upon realization of the entire payment, your above Loan account number will stand closed. Any legal case, complaint, notice
    initiated by you against the Bank will have to be compulsorily withdrawn. Non withdrawal of such legal case, complaint,
    notice filed against the Bank will render this Settlement/One Time Settlement (OTS) letter voidable. The Bank would initiate
    steps for withdrawal of legal case(s), if any filed against you.

    In case of any clarification please call on 1860-500-9900 or write to customer.care@idfcfirstbank.com

    Yours sincerely,

    Akshay T N
    Collection Manager - CLEI
    IDFC FIRST BANK LTD.

    IDFC First Bank Limited(formerly IDFC Bank Limited)


    (formerly IDFC Bank LimitedNaman Chamber, C-32,G-Block, Bandra Kurla Complex, Bandra(East), Mumbai 400051 Tel:+91
    22 7132 5500 Fax:+91 22 2654 0354
    Registered Office:KRM Towers, 7th Floor, No 1,Harrington Road, Chetpet, Chennai 600031 Tel:+9191 44 4564 4000
    Fax:+91 44 4564 4022
    CIN. L65110TN2014PLC097792 customer.care@idfcfirstbank.com, www.idfcfirstbank.com

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