Annexure -IV
EMPLOYER UNDERTAKING
(Where applicant is not maintaining salary account with our Bank}
From: To:
Name : The Branch Manager
Employee No:
Designation
Department:
‘Address: Union Bank Of India
Branch
Dear Sir/Madam,
Sub: Personal loan account ni with
Union Bank of India.
vide his letter
een ‘a personal loan of
by your branch on Larner: Wrest
RO! @ wnnnnesAS per the terms & conditions of sanction, the loan is to be repaid along with interest
We have ae informed by Shri/Smt/Ms
dated that he/she has
in. jonthly installments.
, hereby execute this irrevocable mandate and authorize you to deduct a sum of Rs..
frumees from the salary of employee every months
for months COMMENCING fFOM earned woune-/ 200 and Credit the same towards my subject
loan account
|, further undertake to deduct entire liabilities (outstanding together with interest) of the employee
from his/her retirement/terminal benefits and to remit the same to your branch towards adjustment
of the subject loan in case of retirement /termination/ cessation from service (including death) of the
employee.
Yours faithfully,
(Signature & Seal)
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