Scribd
Upload
1K views

Standing Instructions Format

This document contains a standing instruction format for a home loan customer to authorize automatic debit payments from their bank account. The customer provides their account details and authorizes the bank to debit booking fees, monthly installments, annual fees, and possible increased interest amounts. The customer acknowledges responsibility for ensuring sufficient funds and understands the bank's non-liability for non-payments. An attached schedule outlines applicable interest payment details.

Uploaded by

Taufik Mansuron
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
1K views

Standing Instructions Format

This document contains a standing instruction format for a home loan customer to authorize automatic debit payments from their bank account. The customer provides their account details and authorizes the bank to debit booking fees, monthly installments, annual fees, and possible increased interest amounts. The customer acknowledges responsibility for ensuring sufficient funds and understands the bank's non-liability for non-payments. An attached schedule outlines applicable interest payment details.

Uploaded by

Taufik Mansuron
Copyright
© © All Rights Reserved
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 5

STANDING INSTRUCTION FORMAT

Date:

The Manager
Citibank N A
Chennai
I hereby authorise you to debit my savings/Current account No.
branch for the following payments to be made towards my / our Home Loan account
a)

Booking fee

b)

Monthly Installments

with your
.

Rs.

Number of Interest Payments

(As per Schedule given below)


Details of EMI Payments
Number of EMI Payments

c)

Annual Fee (as per home credit schedule)

EMI Amount

EMI Start Date

EMI End Date

% (as calculated by Citibank in accordance with loan agreement)

I hereby also declare that I / We are the signatories to the account and our signatures are as below.
I/We acknowledge that on account of interest rate fluctuations the said amount may vary, provided that the said amount shall not exceed Rs.
and hereby unconditionally and irrevocably authorise Citibank N A to raise debits of such amounts.
I understand that Citibank shall in no way be responsible for non-execution of Standing Instruction either on account of incomplete or inaccurate information or
non availability of sufficient funds in my account or for any other reason beyond its control.

Sincerely Yours

Customer Signature

Page 1 of 2
Mortgages/DVRA/Ver5.0/July2013

SCHEDULE FOR INTEREST PAYMENTS

CUSTOMER NAME

SI Number

SI City

S.No

Date
(DD / MM/ YYY)

Interest Amount
Rs.

1.
2.
3.
4.
5.
6.
7.
8.
9.
10.
11.
12.
13.
14.
15.
16.
17.
18.
I understand that
l

Interest payments are allowed only for Under-construction properties during the construction period for a maximum period of 36
months
For all other cases, interest option is allowed only for the 1st month succeeding the first disbursal, if the disbursal is made on or after
24th of a month

In the event of the monthly installment varying in accordance with the loan agreement, the Bank may debit an amount different from the above,
which could be higher or lower than the amount mentioned, but shall not exceed Rs.
.

Date:

Customer Signature

Mortgages/DVRA/Ver5.0/July2013

STANDING INSTRUCTION FORMAT


Date:
The Manager
XXXXX
Chennai

Your 10 digit XXXX


account number

Respective location of the


Branch where you hold
your XXXXX account.

I hereby authorize you to debit my savings/Current account No._______________ with your


_________________ branch for the following payments to be made towards my / our Home Loan
account _____________ (To be filled by bank personnel after disbursal of loan.)
Your
XXXX
Loan
account
number

a)

Booking fee

b)

Monthly Installments

Rs.___________

Number of Interest Payments

Booking Fee charged


in your XXXX Loan
account.

(applicable for pre-EMI cases to be filled in by bank


personnel.)

(Tenor as mentioned in loan sanction letter)

(As per Schedule given below)


Number of EMI Payments

EMI Amount

EMI Start Date

(EMI amount as confirmed by

EMI End Date

(As mentioned in the Loan repayment


schedule)

(As mentioned in the


repayment schedule)

Loan

the bank)

c)

Annual Fee (as per home credit schedule) _________% (as calculated by Citibank in
accordance with loan agreement)

I hereby also declare that I / We are the signatories to the account and our signatures are as below.
I/We acknowledge that on account of interest rate fluctuations the said amount may vary, provided that
the said amount shall not exceed Rs. ______________ and hereby unconditionally and irrevocably
authorize XXXXX to raise debits of such amounts.
I understand that XXXXX shall in no way be responsible for non-execution of Standing Instruction either on account of
incomplete or inaccurate information or non availability of sufficient funds in my account or for any other
reason beyond its control.
EMI calculated at an
upward interest rate
revision of 3%

Sincerely Yours

Customer Signature

Your signature
(To match with
XXXX records)

Mortgages/DVRA/Ver5.0/July2013

Page 1 of 2

SCHEDULE FOR INTEREST PAYMENTS

CUSTOMER NAME
SI Number
SI City

S.No

Applicable only for


pre-construction
cases

:
:
:

Date
(DD / MM/ YYY)

Interest Amount
Rs.

I understand that
Interest payments are allowed only for Under-construction properties during the construction period for a
maximum period of 30 months
st

For all other cases, interest option is allowed only for the 1 month succeeding the first disbursal, if the
th
disbursal is made on or after 24 of a month
In the event of the monthly installment varying in accordance with the loan agreement, the Bank may
debit an amount different from the above, which could be higher or lower than the amount mentioned, but
shall not exceed Rs.___________________.

EMI calculated at an
upward interest rate
revision of 3%
Date: _____________

Customer Signature
Page 2 of 2
Your signature
(To match with
XXXXX records)

Mortgages/DVRA/Ver5.0/July2013

Your signature (to


match with bank
records)
Your 10digit
Citibank Account
Number

Your name (to


match with SI form)
9 digit Micr code
Account Type

Mortgages/DVRA/Ver5.0/July2013

You might also like