Letter to the Bank requestioning for an overdraft facility.
761, Main Road, Burari Delhi-110084
Ph. 22761136, 37, 38
Date : 9th August, 200…
UTI Bank, Amardeep Building
Shakti Nagar, N. Delhi-110007
Subject: Overdraft facility on our C/A No-11905.
We have a large order for books from our customers for the coming book season when the new classes in schools begin. We don’t like to incur defaults in our financial obligations to the printers, paper suppliers, and booksellers.
Hence, we request you to consider granting us an overdraft facility of Rs. 50,000 only for a period of three months from 1st March, 20…. to 31st May, 20… to enable us to meet our obligations. By way of security, we would deposit with you F.D. Receipts worth Rs. 1,00,000 only. Our fixed Deposits are with your Bank.
We trust that the above-mentioned security will be found adequate and you will agree to allow us an overdraft facility for the requested amount. Our accountant will complete the necessary formalities after we get your reply which shall be eagerly awaited.
Please treat our request as an urgent matter.