Gustomor Copy

Settlement Letter Number-199327222021

Dated : 02 Feb 2021 Regd. Office - HDFC Bank

Limited, HDFC Bank House,
To Senapati Bapat Marg, Lower
AKSHAY JOSHI Parel (West), Mumbai 400 013.
DEWAS NAKA BRANCH A B
ROAD

Subject : SETTLEMENT OF HDFC Bank Credit Card # "" "" “** 3335

Alternate Account Number (AAN) 0001011500001123334

Dear AKSHAY JOSHI
We refer to your discussion with our bank representative regarding due of Rs. 55196.41
outstanding and payable on your subject card account .We take note of your financial constraint
towards repayment of the entire dues as mentioned above. We like to state that the bank , after
favorably considering your request as an exception , hereby agrees to settle the card account at Rs.
26000.00 (Amount in words.Rs. Twenty Six Thousand Only ) payable in One instalments as detailed
below

Payment Date Amount Mode Cheque/DD

Number
21-Jan-2021 26000.00 Cash

This settlement is being granted on your undertaking to comply with the terms stated herein without
setting any precedence and purely as an exception and is valid and effective only till Jan’21

Please sign the copy of settlement as a token of acceptance of the aforesaid mutually agreed terms of
the settlement

Received Accepted and Signed by

On my own will free consent and voilon " " "" "“"""”"””"""
Authorised Signatory
Retail Portfolio
Management - Credit Re eRved Acce ted and Si ned on behalf of Card Holder
Cards in capacity of g - - -
— (relationship) ” ” " " " ""
" "" "“""""""”

Date

Signature

Note In Compliance to data securify standards , Card Number will be masked and Alternate Account Number (AAN)
will be provided in Settlement lefter.
This is a system generated setllement letter hence digital signature stays valid
, PTO for Term s and condilions for setllemenl
Terms And Conditions:

1. Your credit card account will be treated as Settled only after realization of agreed settlement amount within agreed
tenure. However the credit card accounl will continue to accrue Interest & Penal charges as per Bank's existing policy
till the entire settlement instalments are paid in full. In case, CIBIL clearance is requested by you in future, the
following is payable as per case maybe:

i) If selllement is done in 1 instalment, the entire waived off amount has to be paid for a clear CIBIL stalus.

ii) If settlement is done in multiple instalments, interest & charges will accrue unlil final instalment is paid. In this case,
the waived off amount along with the interest & charges accrued during the settlement tenure, remains payable in a
single shot

2. This settlement shall supersede all the previous settlement offers made on the said credit card,

3. In the event of the repayment schedule not being adhered and any cheque is not being honoured, the settlement
offer would be rendered null and void and the entire oulslanding would stand payable.

4. All the transactions incurred on the credit card subsequent to the initiation of this settlement and prior to the
issuance of the settlement letter that is not a part of this settlement letter shall be payable separately by the card
holder over and above of this settlement amount. The bank reserves its rights to demand and recover any such
amount from the card holder regardless of lhis settlement

5. This settlement letter may be treated as a Settlement No Dues Letter, subject to payments made as per the laid
down terms and conditions of settlement wilhin the specified tenure.

6. Upon fulfilment of the settlement as per the terms and conditions laid down in the settlement letter, the status of
your credit card will be, updated in CIBIL or any other credit information company as "Settled" or Post written off
settled" as the case may be as per the guidelines laid down by Reserve Bank of India or as per the provisions of the
credit information companies regulation act as amended from time to time. Please note that ‘settled' is nol the same
as 'regular' and will have negative impact on your credit score.

7. In the event payment is being made through a collection agency, kindly ensure you receive due receipt for the
same. Also check the ID of the agent. Any incorrect receipt may render your payment invalid.

8, Except for the first EMI That shall be payable by any mode of payment, you are requested Io kindly issue Post-
daled cheques towards the rest of the monthly EMIs as detailed in the repayment schedule. No payments will be
accepted by the bank in the Seltlemenl terms post 25th of every calendar month except the firsl instalment.

9. The sefllement terms detailed above are in addition lo and not in derogation of, the card member agreement and
the Terms & Conditions governing lhe usage of the HDFC bank Credit Card.

10. It is unconditionally agreed between ihe parties that dpon fulfilment of this settlement, all litigations initiated by the
parties hereto against the olher in respect of the account under lhis settlement befora any Court/tribunal or regulator
will be withdrawn by such initiating party.

11. Please be intimated that, in case you hold Premier Banking Relationship with us, this settlement will entail
withdrawal of such Benefits accorded to your account, post 30 days of initiation of settlement wi!houl any further
reference or intimation to you. However, the services available to your Savings Bank Account/ Current account /Term
Deposit would continue.

12. In case the customer has a Jumbo loan, lhe same will get pre- closed immediately once lhe settlement is agreed
upon the primary card account.

02-02-2021