LETTER-SBI PO DESCRIPTIVE EXAM
A letter to the manager of the bank for the overdraft Facility which you stopped long ago with the bank.
REF: ABC/SBI /100
State Bank of India
Full Branch Address
Subject: Request for Revival of Overdraft Facility .
The CC account number of our firm is C- 420569. We have been operating this account in your bank since 12/06/2013.However, we had stopped using our Overdraft limit long ago since 11/05/2016.
We now plan to expand our unit-III,located at Noida (UP).We need machinery,building material and raw material for this expansion project.Therefore, we again need overdraft facility against our CC account for Rs 50,00,000/- (Fifty lakh only) during the period from 10/07/2016 17/08/2017.After this period ,we would be able to keep our CC account with credit balance .
As a guarantee , we propose to deposit 20,000 shares of Reliance Petrochemicals Ltd . with your bank.the value of each share is Rs. 500/-.The amount of this guarantee far exceeds the amount of credit limit that we propose to avail .We hope you would oblige us by granting the overdraft limit of Rs 50,00,000/- for the period from 10/07/2016 to 17/08/2017.
Yours faithfully ,
For XYZ Pvt. Ltd