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    Subject: Concession/waiver Requsted by DAV PG College Management in Their Accounts

    Uploaded by

    Rakesh Kathuria
    1) DAV PG College maintains an average balance of Rs. 4 crores with the bank and deposits Rs. 4-5 lakhs in cash daily, incurring cash handling charges of Rs. 40,000. 2) The college management has requested the bank waive minimum balance requirements, cash handling charges, SMS alert charges, internet banking charges, DD/RTGS/NEFT charges, and cheque book charges. 3) The college threatens to shift its account to another bank if the waivers are not provided, but promises to open staff salary accounts and bring new business to the bank if the requests are granted.

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    Subject: Concession/waiver Requsted by DAV PG College Management in Their Accounts

    Uploaded by

    Rakesh Kathuria
    35 views1 page
    1) DAV PG College maintains an average balance of Rs. 4 crores with the bank and deposits Rs. 4-5 lakhs in cash daily, incurring cash handling charges of Rs. 40,000. 2) The college management has requested the bank waive minimum balance requirements, cash handling charges, SMS alert charges, internet banking charges, DD/RTGS/NEFT charges, and cheque book charges. 3) The college threatens to shift its account to another bank if the waivers are not provided, but promises to open staff salary accounts and bring new business to the bank if the requests are granted.

    Original Description:

    DAV College Request Format

    Original Title

    DAV College Updated

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    1) DAV PG College maintains an average balance of Rs. 4 crores with the bank and deposits Rs. 4-5 lakhs in cash daily, incurring cash handling charges of Rs. 40,000. 2) The college management has requested the bank waive minimum balance requirements, cash handling charges, SMS alert charges, internet banking charges, DD/RTGS/NEFT charges, and cheque book charges. 3) The college threatens to shift its account to another bank if the waivers are not provided, but promises to open staff salary accounts and bring new business to the bank if the requests are granted.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    35 views1 page

    Subject: Concession/waiver Requsted by DAV PG College Management in Their Accounts

    Uploaded by

    Rakesh Kathuria
    1) DAV PG College maintains an average balance of Rs. 4 crores with the bank and deposits Rs. 4-5 lakhs in cash daily, incurring cash handling charges of Rs. 40,000. 2) The college management has requested the bank waive minimum balance requirements, cash handling charges, SMS alert charges, internet banking charges, DD/RTGS/NEFT charges, and cheque book charges. 3) The college threatens to shift its account to another bank if the waivers are not provided, but promises to open staff salary accounts and bring new business to the bank if the requests are granted.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 1

    Subject: Concession/waiver requsted by DAV PG College Management in

    their accounts.

    Respected Sir / Madam,

    This is regarding an esteemed customer of our Branch named DAV PG College. The
    college has been maintaining its account with average balance amounting to Rs 4 crores
    (approx) with us.

    On an average, the college has been transacting/depositing cash Rs 4-5 lakhs on daily
    basis and has to bear cash handling charges (It has already paid such charges of nearly
    40,000/-)

    Now the management of the college has requested us to waive the below charges
    (which we had committed to them at the time of opening its accounts)

     Minimum Balance Requirement and penalty for non-maintenance of minimum


    balance to be waived off
     Cash Handling charges to be waived off
     SMS Alert Charges.
     Internet banking charges on online transactions/RTGS/NEFT to be waived off.
     DD/RTGS/NEFT charges/Fee to be waived off.
     Cheque Book charges to be waived.

    The college administration also presents a risk to shift its account to Indian Bank if these
    waivers are not provided and it has also committed to open /move (from Indian bank) its
    staff salary accounts to our branch in case we cater to customer's request and
    subsequently we will get new business like CASA, Advance- Housing Loan, Canara budget,
    Credit card etc.

    With the stated reasons above, I would like to request you to look into customer's
    request and suggest the possible way out so that we can retain the customer as well as
    try and get new business from it by providing best possible and feasible facilities.

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