Foreclose charge on cash credit a/c

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RISHABH (Querist)
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30 August 2019 I HAVE A CASH CREDIT LIMIT IN BANK NOW WE ARE GOING TO CHANGE OUR BANK AND OUR PRESENT BANK WILL TELL TO CHARGE 4% FORECLOSE CHARGE AND THAN THEY WILL GIVE NOC.
THEY HAVE NOT MENTIONED IN SENCTION LETTER ABOUT FORECLOSE CHARGE AND TELL US TO THAT THEY HAVE MENTIONED IN MASTER FINANCE AGREEMENT. AND TELL ME THAT IF YOU WANT TO CLOSE A/C YOU HAVE TO TELL US BEFORE 2 MONTH OF RENEWAL DATE AND NOW IF YOU WANT TO CLOSE YOU HAVE TO PAY 4% FORECLOSE CHARGES
PLEASE SUGGEST WHAT WE CAN DO

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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30 August 2019 You can't avoid such conditions of private banks if that clause is there in the loan agreement signed by you.

RISHABH

RISHABH (Querist)
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30 August 2019 IN AGREEMENT ON THE PAGE OF CHARGES ANNEXURE NO ANY STAMP AND SIGN BY US

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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31 August 2019 Did any agreement clause refer charges annexure,

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Foreclose charge on cash credit a/c

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