Form No. 108(A) (Revised)

The Manager
Punjab & Sind Bank
………………………………….
………………………………….

Dear Sir,

I/We hereby apply for the facility of* ……………………………………. for Rs. ….……….………………….. repayable
with interest @ …………………………………………. % p.a. above the Reserve Bank of India rate, subject to a minimum
rate of interest of ………………………………………… % p.a. with ……………….. rest. The Bank shall in its absolute and
sole discretion be entitled to enhance the rate of interest at any time as per the market lending rate of interest charged on
such loans or advances by Nationalised banks.

I/We undertake to repay the loan in lumpsum shortly/by paying atleast a sum of Rs. …………………………………….
per month, subject to the bank's unfettered right to demand adjustment at any time.

As security for the repayment of balance due and outstanding from time to time of the above ………………………… which you may grant to me. I/We deposit with you the following :

Type of deposit Favouring Branch Date Amount of Deposit Date of Maturity
and A/c Number

The said………………………………… (hereinafter referred to as deposit(s) is to be treated as a continuing security even if the* ……………………………………………. account runs into credit, reduced or extinguished at any time or from time to time.

If the * …………………………………….. together with interest and bank charges payable by me is/are not paid before without reference to me/us.

If the bank recalls the* …………………………………………. granted to me/us before the maturity of the deposit(s),
the bank in that event shall be entitled to adjust the * …………………………………….. account without reference to me/us by prepayment of the deposit(s) and in that case may allow such rate of interest as is payable as per the rules of the bank in case of prepayment.

If the deposit(s) is/are renewed for a further period, then until the* …………………………………………. together with interest and bank charges is paid in full, the renewed deposit(s) shall continue to be held as security.

I/We hereby agree to your crediting the monthly/quarterly/half yearly/yearly, or other interest payable on the
deposit(s) or its renewals of the said* …………………………………………. account.

I/We hereby declare that I/We have not encumbered/assigned or otherwise dealt with the deposit(s) in any way and
that they are and will continue to remain free all claims, encumbrances by any third party till the bank permits me/us to do
so in writing.

I/We hereby confirm and agree that in addition to your right of general lien which you have as banker, you shall also
have the right at any time and without prior notice to me/us to set off these deposit(s) against any liability incurred or to be
incurred by me/us to you whether such liability be actual or contigent.
Yours faithfully
NAME …………………………………………….
ADDRESS ……………………………………………
……………………………………………
PLACE ……………………………………………
DATE ……………………………………………

*Strike nature of advance e.g. demand loan/overdraft/cash credit.
Strike off portions not applicable