SANCTIONED The Manager
.......................Bank
.......................Branch
........................
Dear Sir,
In consideration of the overdraft sanctioned to me and which you may sanction to me in future
from time to time for my business purposes, I hereby create lien in your favour on my Fixed
Deposit No ..............of your Bank for Rs ............... (Rupees ..............) and deliver to you the
same duly discharged by me to be held by you on my said accounts for the outstanding general
balance of my overdraft or any other accounts with you with power to utilise the proceeds thereof
for adjustment of my account with you.
2. I further agree and covenant to execute such document and instrument at my cost and
expenses as may be required by you to further make the said fixed deposit.
3. 1 hereby declare that I have not assigned, encumbered or otherwise dealt with the said fixed
deposit receipt or any part in the said fixed deposit receipt in any way.
Yours faithfully
Date ....................
..........................

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This is a reference draft reproduced for study and adaptation. Court rules, court fees and the correct forum vary with the facts and the value of the claim, so have the document checked and filed by an advocate. A defective application can be returned or dismissed even when the case itself is good.

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Letter of Lien by the Holder of Fixed Deposit

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