IFB - OfferPdf-PUDI GEETHA GEETHA RANI
IFB - OfferPdf-PUDI GEETHA GEETHA RANI
IFB - OfferPdf-PUDI GEETHA GEETHA RANI
SUB: Settlement/One Time Settlement (OTS) of your Loan Account No./Nos: 78948806
with erstwhile Capital First Ltd.(now merged with IDFC First Bank Ltd) (herein after referred to as “the Bank”.)
Ref: Your letter No.SET-13438361 dated:24-Jul-24 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. 25,000.00 (Twenty Five Thousand Rupees) as per the schedule below.
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. 25,000.00/- on or
before 31-Jul-24, 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 PUDI GEETHA GEETHA RANI 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by you against the Bank will have to be compulsorily withdrawn.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.
Please note that under Credit Information Companies (Regulations) Act 2005, information of loan repayment is shared with Credit
Information Companies. Bank categorically appraises the borrower that If the loan dues are paid off under compromise settlement
plan, the status of the borrower shall be displayed as “Settled” in the records of Credit Information Companies which may act as
hindrance in case of any credit assistance is sought by borrower at any future date; alternatively if the loan liability is paid in full then
the status in the records of Credit Information Companies shall be displayed as “Closed”.
Yours sincerely,