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Temporary Credit Limit Increase Letter

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Sample / Template Request Letter to Bank Manager (SBI, ICICI, AXIS, IDBI, PNB, HSBC, HDFC etc.) for Sanction of Temporary Bill Discounting Limit in word/.doc Format

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									Sample / Template Request Letter to Bank Manager (SBI, ICICI, AXIS, IDBI,
PNB, HSBC, HDFC etc.) for Sanction of Temporary Bill Discounting Limit in
word/.doc Format

RCL/SBI/12-13
September 17, 2013

The General Manager
State Bank of India
Voltas House
Mumbai 458 545

Dear Sir,

Reg : Sanction of Temporary Adhoc Bills Discounting Limit
      for Rs50 lacs under Inland Letter of Credit.

We are to inform you that we have procured a order supported with Letter of Credit
issued by BANK OF BARODA in favour of our company for Rs.4500000.00. The LC has
been issued by Bank of Baroda, Chennai and Advising Bank is Yourselves.

We are yet to receive advice of Letter of credit opened by M/s ABC CORPORATION on
08.09.2013 from you, however we enclose herewith a copy of the abovementioned
Letter of credit received from the opener of the credit.

As we do not have Letter of Credit Discounting Limit with any of the consortium member
banks, we request you to allow us Adhoc Bills Discounting Limit for Rs50 lacs under
Inland Letter of Credit for discounting of the Bills under the above LC received by us in
our favour as we have already started dispatching material.

Due to Festival time we are incurring huge statutory payments as well as to pay in
advance for continuous supply of Raw Material to run the factory. At the same time our
realization will get delayed this month as it happens every year.

To overcome such situation, we trust you will kindly allow us Adhoc Bills Discounting
Limit for Rs.50 lacs under Inland Letter of Credit, till we get a regular limit in our next
sanction which is due in the next month.

Thanking you,

Yours faithfully,
For Rocket Sales Limited



Authorised Signatory

Encl. As above

								
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