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HAVE CHEST ACCOUNT IN BANGALORE BOTH SIDE DD (General)

by shekar123, Monday, September 14, 2020, 08:38 AM (1342 days ago)

Hi shekar from bangalore 8971847357 Sir,

Day 0: Performance Guarantee DD’s of Rs.20 Lakhs each from (nationalized/ private) bank along with self-declarations (Account Holders Only) should be made by both parties for performance guarantee, A three-star hotel room will be booked on the names of both person (one from each side), where DD’s will be kept in locker under joint custody before 12.00 Noon, expenses should be bear by both parties equally. Trust documents should be pre-approved by the company before making the DD’s for performance guarantee. Rejection of documents is not entertained later. The COMPANY’S BANK NAME should be given before 02.00 PM Bank branch should be the main branch only. All foreign banks are not accepted for transaction. Once the performance guarantee is kept intact, within 3 hours trust person will provide the Pass Code to the company person where they can verify (Chest Status/ Chest Balance/ Chest Slip Colour/ Slot Timings Booked for Performance Day). Day 1: Performance Day Pullout should be done before 10.30 AM in front of trust authorized person in Bank Manager’s Cabin and get it sealed and signed. It should be a current running account with clear available balance which is encumbrance free, and should be more than the RTGS amount agreed. If any query comes from trust side regarding account and balance, then company authorized person should resolve it in our verified Bank Manager’s Cabin with required break-up. After trust person is satisfied regarding company’s bank account and clear available balance then only trust’s authorized person will take the company’s authorized person to the trust side bank VP’s CHAMBER before 12.00 Noon and get the chest verification like (slot mail confirmation/ Rental receipt verification/ all other relevant details). If either party fails to meet the requirements as mentioned above then the Performance Guarantee DD will be forfeited by the other party immediately. Penalty Clause: After proving clear available balance by company if trust is not able to show the collateral then trust should pay 1% of principle Amount as penalty to company facilitators. If company not able to do the RTGS after seeing collateral then company should pay 1% of principle Amount as penalty to Trust facilitators.

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