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    Letter PDF

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    Palvi Sharma
    IDFC First Bank has approved Amit Kumar's request for a one-time settlement of his credit card debt of Rs. 18,200. He must pay the amount in two installments of Rs. 9,100 by April 15th and May 6th. If he fails to pay the full amount by May 31st, the settlement becomes void and he will owe the original amount. The bank will update his credit report to show the debt as settled, which may impact his credit score. Upon receiving full payment, the credit card will be closed.

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    © All Rights Reserved
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    Letter PDF

    Uploaded by

    Palvi Sharma
    6K views3 pages
    IDFC First Bank has approved Amit Kumar's request for a one-time settlement of his credit card debt of Rs. 18,200. He must pay the amount in two installments of Rs. 9,100 by April 15th and May 6th. If he fails to pay the full amount by May 31st, the settlement becomes void and he will owe the original amount. The bank will update his credit report to show the debt as settled, which may impact his credit score. Upon receiving full payment, the credit card will be closed.

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    IDFC First Bank has approved Amit Kumar's request for a one-time settlement of his credit card debt of Rs. 18,200. He must pay the amount in two installments of Rs. 9,100 by April 15th and May 6th. If he fails to pay the full amount by May 31st, the settlement becomes void and he will owe the original amount. The bank will update his credit report to show the debt as settled, which may impact his credit score. Upon receiving full payment, the credit card will be closed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6K views3 pages

    Letter PDF

    Uploaded by

    Palvi Sharma
    IDFC First Bank has approved Amit Kumar's request for a one-time settlement of his credit card debt of Rs. 18,200. He must pay the amount in two installments of Rs. 9,100 by April 15th and May 6th. If he fails to pay the full amount by May 31st, the settlement becomes void and he will owe the original amount. The bank will update his credit report to show the debt as settled, which may impact his credit score. Upon receiving full payment, the credit card will be closed.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 3

    Settlement Letter

    Borrower Name: AMIT KUMAR


    Address: 123/10A GOKAL NAGAR , MAJITHA ROAD,, AMRITSAR, GOKAL NAGAR
    OPPOSITE, AMRITSAR,PUNJAB,143001

    Re: Settlement/One Time Settlement (OTS) of your Credit Card No 439992******9456

    Ref: Your letter No.SET-12721731 dated 12-Apr-23 for Settlement/OTS

    Dear Sir/Madam,

    With reference to the above, we are pleased to inform you that your request for Settlement/One
    Time Settlement has been approved by IDFC FIRST Bank Ltd hereinafter referred to as "Bank",
    subject to following conditions:-

    1. You should pay the Settlement / One Time Settlement amount of Rs.18,200.00/-
    (Rupees:Eighteen Thousand Two Hundred Rupees and Zero Paisa Only) as per the
    schedule below.

    Schedule of Payment

    Installment Date DD/Cheque Bank Details Amount


    15-04-2023 NA NA 9,100.00
    06-05-2023 NA NA 9,100.00

    2. That the Settlement/ One Time Settlement amount needs to be paid by you through
    cheque/ demand draft/ digital mode as per Schedule of Payment 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. 18,200.00/- on or before 31-05-2023 as per Schedule of Payment above,
    then this Settlement/One Time settlement offer becomes null and void. Thereafter, you shall
    be liable to pay to the Bank such amounts/sums/charges as may be determined by the
    Bank.

    3. That Bank has the right to withdraw this Settlement/One Time settlement offer anytime 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 Bank in this regard shall be final.
    Settlement Letter
    4. That if payment is made by way of Demand Draft / Cheque, the Settlement/One Time
    settlement offer would be valid subject to realization of said draft/Cheque from the
    respective bank branch.

    5. That if payment is made by digital mode, the settlement/one time settlement offer would
    be valid subject to payment credited in bank's account.

    6. That the bank would be updating your records with credit bureau as settled this might
    have an impact on your Credit score as well.

    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 AMIT KUMAR and the Bank.

    Upon realization of the entire payment as per schedule, your above Credit Card number will
    stand closed. Any legal case, complaint, notice initiated by you against the Company will
    have to be compulsorily withdrawn. Non withdrawal of such legal case, complaint, notice
    filed against the Company will render this Settlement/One Time Settlement (OTS) letter
    voidable. The Company would initiate steps for withdrawal of legal case(s) (related to above
    mentioned CC/CC's), if any filed against you.

    For acceptance of the abovementioned terms and conditions, we request you to sign this
    Settlement/One Time Settlement offer letter in duplicate

    In case of any clarification please call on 1860-500-9900 or write to customer.care@idfcfirstbank.com

    Yours sincerely,

    Authorized Signatory

    Name :
    Emp Id :
    Product : FIRST Millennia

    I ___________________________________, residing at the above address, accept the settlement


    at the terms set out above.

    IDFC First Bank Limited (formerly IDFC Bank Limited)


    Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 222654
    0354
    Registered Office:KRM Towers, 7th Floor, No 1, Harrington Road, Chetpet, Chennai 600031 Tel:+91 44 4564 4000 Fax:+91 44 4564
    4022
    Settlement Letter
    Date :

    IDFC First Bank Limited (formerly IDFC Bank Limited)


    Naman Chambers, C 32, G Block, Bandra Kurla Complex, Bandra (East), Mumbai 400051 Tel: +91 22 7132 5500 Fax: +91 222654
    0354
    Registered Office:KRM Towers, 7th Floor, No 1, Harrington Road, Chetpet, Chennai 600031 Tel:+91 44 4564 4000 Fax:+91 44 4564
    4022

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