Q.Draft a letter, on behalf of Deccan Traders Limited, informing Mr. Vikas Pawar that his fixed deposit is maturing in two months, and inviting him to renew it or opt for repayment.

The letter must state the maturity date and amount, offer a genuine choice between renewal at the current rate and repayment, and ask for a written decision and the discharged receipt before maturity. …

DECCAN TRADERS LIMITED

Registered Office: Laxmi Chambers, Shivajinagar, Pune – 411005

CIN: U51900MH2010PLC198765

Date: 2nd January

To,

Mr. Vikas Pawar,

11, Deccan Gymkhana,

Pune – 411004

Dear Sir,

Sub: Maturity of your Fixed Deposit Receipt No. FD/2025/0056 on 2nd March

We wish to inform you that your Fixed Deposit Receipt No. FD/2025/0056 for Rs. 80,000, bearing interest at 9% per annum, will mature for repayment on 2nd March. The amount payable to you on that date, including interest accrued and not already paid, will be Rs. 80,000 together with interest for the period since your last interest payment.

We would be happy to have your continued confidence in the Company. If you wish to renew this deposit for a further period, we currently offer 9.15% per annum for a 12-month renewal — kindly let us know your decision in writing, and return the enclosed Deposit Receipt duly discharged on the reverse, at least a fortnight before the maturity date, so that a fresh receipt for the renewed period can be issued to you without any break.

Alternatively, if you wish to receive repayment in full on maturity, kindly return the Deposit Receipt duly discharged on or before 2nd March, and confirm the bank account to which the repayment cheque should be sent.

We look forward to your instructions.

Yours faithfully,

For Deccan Traders Limited

(Meenal Kulkarni) …

Students sometimes forget to state the currently offered renewal rate, leaving the depositor unable to actually make an i …