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    Madhu

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    fortune Business Solutions
    1. The document is a letter from RBL Bank to BATTALA JAYAMMA regarding settlement of outstanding dues on their credit card. 2. The bank is offering to settle the total outstanding amount of Rs. 48,900 for Rs. 10,500, to be paid in full by November 27th. 3. The letter outlines 7 terms and conditions of the settlement, including that the offer is only valid until November 27th and legal actions may continue if not paid in full.

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    Madhu

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    fortune Business Solutions
    37 views2 pages
    1. The document is a letter from RBL Bank to BATTALA JAYAMMA regarding settlement of outstanding dues on their credit card. 2. The bank is offering to settle the total outstanding amount of Rs. 48,900 for Rs. 10,500, to be paid in full by November 27th. 3. The letter outlines 7 terms and conditions of the settlement, including that the offer is only valid until November 27th and legal actions may continue if not paid in full.

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    1. The document is a letter from RBL Bank to BATTALA JAYAMMA regarding settlement of outstanding dues on their credit card. 2. The bank is offering to settle the total outstanding amount of Rs. 48,900 for Rs. 10,500, to be paid in full by November 27th. 3. The letter outlines 7 terms and conditions of the settlement, including that the offer is only valid until November 27th and legal actions may continue if not paid in full.

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

    Madhu

    Uploaded by

    fortune Business Solutions
    1. The document is a letter from RBL Bank to BATTALA JAYAMMA regarding settlement of outstanding dues on their credit card. 2. The bank is offering to settle the total outstanding amount of Rs. 48,900 for Rs. 10,500, to be paid in full by November 27th. 3. The letter outlines 7 terms and conditions of the settlement, including that the offer is only valid until November 27th and legal actions may continue if not paid in full.

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    © All Rights Reserved
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    of 2

    Ref: Nov/2023/0007/649385

    Dated: 25-Nov-23 To,


    BATTALA JAYAMMA

    2-250-2-1-4B
    REDDYS COLONY
    517325

    Sub. : Settlement of your outstanding dues under credit card bearing number 0007471200012127586

    Dear Mr/Ms. * BATTALA JAYAMMA*,

    This letter refers to the discussion we have had with you in respect of the overdue payments on your
    captioned credit card account number 0005256111207674230 and your request for settlement of dues
    under the above mentioned credit card account at ₹ 10500/- (Ten Thousand Five Hundreed Rupees Only)
    (full and final amount) as against Total Outstanding Amount of ₹ 48900/- (Forty Eight Thousand Nine
    Hundreed Rupees Only) as on 27-Nov-23.

    We are pleased to inform you that we have considered your request for the settlement of dues on
    following terms and conditions:

    1. We crystalized dues for the above mentioned credit card account at ₹ 10500/- (Ten Thousand
    Five Hundreed Rupees Only)which shall be payable as per below mentioned schedule.

    Payment Detail Amount (INR) To be paid on or Before Mode of Payment


    Settlement Amt. 10500/- 27-Nov-23 Cash/Chq/DD

    2. Please note the said settlement offer is valid till 27-Nov-23 with these terms and conditions and
    on breach of any of the conditions mentioned, the settlement will stand null & void with
    immediate effect and complete overdue amount would be liable to be paid including the late
    payment charges and interest charges as well as any other charges as may be applicable, in
    accordance with the terms and conditions of the captioned credit card account.
    3. Payment under the settlement shall be strictly as per the above mentioned schedule. You may
    make payment by Cash / Demand Draft / Cheque. However, in case of cheque or bankers
    cheque, we shall receive funds on or before date mentioned in the above schedule and any
    deviation, whatsoever it may be, from the same shall be treated as termination of this
    settlement for all purposes and original liability, terms and conditions shall fall back.

    4. This acceptance of settlement shall not affect the rights of RBL Bank Limited to take legal actions
    against you or with respect to already initiated proceedings and/or shall not be construed as
    consent of the Bank to abandon its rights or legal proceedings initiated by it till complete
    payment of the dues as mentioned hereinabove and on fulfillment of the above commitment as
    mentioned in the above schedule, all the legal cases filed if any will be withdrawn in due course
    of time.

    5. In the event if you commit any default after payment of partial settlement amount, then
    whatever amount paid by you under this settlement shall not be refunded or return and same
    shall be appropriated towards outstanding dues as per the banks discretion.

    6. On receipt of the settlement amount, as mentioned above, Bank will treat the said credit card
    account as settled and closed for all purpose.

    7. As appraised to you please note any settlement done has an impact on your credit bureau
    record. RBL Bank Limited updates the credit bureaus with latest credit card account status at
    regular intervals.

    Please note this letter supersedes any previous communication sent to you on the said Settlement.

    Kindly forward a duplicate copy of letter, duly signed by you, as a token of your acceptance of the above
    contents along with the initial payment and said installment cheques as above till 27-Nov-23, failing
    which the said Settlement contained herein shall become null and void and be of no consequence
    whatsoever.

    Yours truly,

    For RBL Bank Limited

    I agree, confirm and accept


    (BATTALA JAYAMMA)

    (Authorized Signature)
    Page 2 of 2

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