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Guidelines for drawing post dated cheques (PDCS)


We request our clients to kindly note the following guidelines while issuing Post Dated Cheques:
Please issue 60 PDCs at the time of final disbursement
Please fill the amount of EMI as mentioned in the sanction letter or as indicated to you by REPCO HOME FINANCE LTD..

The cheques should be:
(a) Drawn in favour “Repco Home Finance Ltd.”
(b) Crossed and marked “A/c Payee only”.
The EMI commences from the 1st of every month following the month in which the full and final disbursement is made. The first EMI falls due on the last day of the month following the month in which the full and final disbursement is made.
Cheques have to be dated similarly for each month (e.g. 1/1/2007, 1/2/2007, 1/3/2007 and so on or 7/1/2007, 7/2/2007, 7/3/2007 and so on).
Please ensure that the cheques are in serial number (e.g. Cheque No. 1 is dated 1/1/2007, then Cheque No.2 should be dated 1/2/2007 and so on).

While issuing PDCs please ensure that:

(a) All cheques carry your signature;
(b) Each cheque carries your Savings/Current A/c No. and branch details.
In case of overwriting or correction/s on the cheque, please sign in full at the place of overwriting or correction/s.
Please ensure that adequate balance is maintained in the account from which the PDCs are issued.

For all other related queries please refer to Queries / Complaints section
"Corporate Office" , Third Floor, Alexander Square, New No : 2, Sardar Patel Road, Guindy, Chennai - 600 032,
Ph : (044) - 42106650 Fax : (044) - 42106651 Mobile : 9444394918 E-mail : co@repcohome.com
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