a. Make your balance cheque/draft in favor of AXIS BANK LTD ; Loan Account No. XXXXXXXXXX; Please note that non-CTS cheques will not be accepted.
b. Remit the exact amount as per the date of the foreclosure letter. Excess payments would not be accepted. To know the exact payable amount, you can call the Phone Banking numbers and visit the loan centre
c. Full and final settlement of the loan will be subject to realisation of the cheque/draft and payment of all charges that have accrued on the date of the prepayment.
d. The forthcoming EMI for the month is likely to be presented to your bankers on the due date. Please instruct your bankers to mark a stop-payment on the upcoming post-dated cheque/ debit-ECS to avoid any excess payment.
In case the EMI gets paid upon presentation, the excess amount will be refunded through a pay order or direct credit (through NEFT) to your repayment account within 15 days of realization of your excess EMI payment.
e. Within 30 days of prepayment of your loan, the No Dues certificate would be dispatched to your communication address
f. In case you wish to have your un-encashed Post Dated / Security Cheques returned to you, please raise a request within 45 days from the date of foreclosure at the Loan Centre. In case no request received within the stipulated time frame the same will be cancelled and destroyed.
g. Please note that the applicant/co-applicant of the loan accounts should visit the loan centre for loan closure.
h. In case a third party issues a cheque for the loan closure, a letter from the third party confirming the issuance of such cheque along with his self-attested id cum sign proof should be carried by the applicant/co applicant