Letter to the bank for availing of overdraft facility

Letter to the bank for availing of overdraft facility

July 01, 2003

To,

The Branch Manager,

Indian Overseas Bank,

Nariman Point

Mumbai

Sir,

This is to request your goodself that we, M/s. Bookhiv India, are holding a Current A/c with your bank since the last seven years and our dealing has also been faultless. With the sudden slump in the market, the cash rotation has not been satisfactory. Moreover, the suppliers are not extending their credit terms. Keeping these things in view, we request you to avail us an O.D. facility of Rs. 2,00,000 (Two lacs only) for a period of six months by which the market is expected to pick up. Necessary details and documents required by your bank will be provided. Your kind consideration is solicited

Thanking You

Yours Faithfully,

For Bookhive India Company