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Annexure II
EMPLOYEEUNDERTAKING
(Where applicant is not maintaining salary account with our bank) .
- - - - , .••• ._ - - _ •• - __ • __ 0 • • • 00._ ••• _._._.______ _ _ _ _ •• __ •• ••_ ,
From: To:
Name (Salary Disbursing Officer)
Employee no. :
Designation
Department :
Address
Dear Sir / Ma'am,
Sub.: My Personal Loan Account no. with Union Bank
of India, branch, (city)
have been sanctioned a personal loan of (Rupees
_____________ ) by Union Bank of India, branch,
__________ (city) on __ / __ /20 __ at ROI@ ..Asper
the terms & conditions of sanction, the loan is to be repaid along with interest in _
monthly installments to be deducted from my salary and emoluments payable to me by the
company 1 department from time-to-time.
I hereby execute this irrevocable mandate and authorize you to deduct a sum of . -
(Rupees ) from my salary
every month for months commencing from _1 __ 120__ and remit the same to
Union Bank of India, branch, _ _ (city) to
the credit of my subject loan account. In case of my retirement / termination 1 cessation
from service (including death), the entire loan liabilities (outstanding together with the
interest) to be deducted from my retirement 1 terminal benefits (payable to me) and to be
remitted to the branch concerned towards adjustment of the subject loan.
I, further, undertake to maintain my net home salary payable to me after allowing all
statutory and other deduction at an adequate level to enable you to deduct the subject loan
installment and other dues payable by me to the bank under this mandate.
This authorization letter shall be irrevocable without the express consent of the said branch
of Union Bank of India.
Yours Faithfully,
Photo
(Signature of Employee)
ACKNOWLEDGMENTFROMTHE EMPLOYER:
Place: .
Date: .
(Signature & Seal of the Employer)
Page 3S of S3
Annexure IV
EMPLOYERUNDERTAKING
.(Where applicant is not maintaining salary account with our bank)
; From: To:
Name . Branch Manager
Designation _________ ~ .branch
\ Department Union Bank of India
Address
L--- .. _
Dear Sir 1 Ma'am,
Sub.: Personal Loan Account no. of Shri 1 Smt. 1 Ms.
with Union Bank of
---------------------
India, branch, (city)
We have been informed by
Shri 1 Smt. 1 Ms.
vide his letter dated __ 1__ 120_
that he/she has been sanctioned a personal loan of Rs. (Rupees
____________ ) by your branch on __ 1__ /20__ at ROI@
_______ . As per the terms & conditions of sanction, the loan is to be repaid along
with interest in monthly installments.
I hereby execute this irrevocable mandate and undertake to deduct a sum of . .
______ (Rupees ) from the salary of
the employee every month for months commencing from _1 __ 120 __ and remit
the same to your branch towards crediting the subject loan account.
I further undertake to deduct entire loan liabilities (outstanding together with the interest)of
the employee from his/her retirement 1 terminal benefits and to remit the same to your
branch towards adjustment of the subject loan in case of retirement 1 termination 1
cessation from service (including death) of the employee.
Yours Faithfully,
(Signature & Seal)
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