Justify the following statement: The secretary has to correspond with the Banks under certain circumstances.
Justify the following statement:
The secretary has to correspond with the Banks under certain circumstances.
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Following are the circumstance under which a secretary has to enter into correspondence with banks:
- Letter for opening a Current account with Bank.
- Letter requesting a bank to stop payment of the cheque.
- Letter requesting a bank for granting overdraft facility.
- Letter requesting a bank to issue a letter of credit.
- Letter to a bank enquiring about new banking facilities.
- Letter to the bank for a long-term loan.
- Thus, the secretary has to correspond with the Banks under certain circumstances.
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