Letter from Bank Manager to a Client to Pay off Outstanding Overdraft Amount.
Place
Dt.
From
Manager,
Bank of Maharashtra,
Bombay.
To
Shri S.C. Nadkarni
42 Marrire Drive,
Bombay.
Sir,
We find from our records that an overdraft sum of Rs 5000 (Rupees five thousand only) is due to you on your savings account no. 9305 in our bank. It is now almost one year since the overdraft has not been cleared up.
Besides the accumulation of compound interest which you suffer, we shall begin a penal interest of 5% from next month onwards. Thu are advised to pay off the same before our next year ends on March 20…
Thanking you
Yours sincerely
B. Naronha
