Auto
Depreciation of the Vehicle on the Auto Loan taken, & Vehicle Insurance

Dated: 11 July A PLEA

From:

Shri KishoreKumar Sharma,

25, Jwala Estate, S.V. Rd.,

Borivli, (W), Mumbai-92

Tel. No: - 9869717476

The Manager,

The Jain Sahakari Bank Ltd,

Borivli (E) Mumbai-66

Dear Sir,

Sub: Depreciation of the Vehicle on the Auto Loan taken, & Vehicle Insurance.

I, the undersigned KishoreKumar Sharma, kindly request you to consider my plea for

The Subject noted. I had taken the Auto Loan in 2006 from your reputed Bank. Similarly,

As per my knowledge & information, the Depreciation on the Vehicle should be reduced

By 10% p.a every year. Instead, it has been increased by 10% pa for the last Three years.

In my case. Secondly, the Vehicle Insurance should be taken by the Vehicle owner i.e.

Me, But the Bank has taken the Vehicle Insurance on my behalf without intimating or

Informing me, I too had taken the Vehicle Insurance, hence, the Vehicle Insurance was

Doubled for my Vehicle for the last Three years.

However, I kindly request you to consider my plea ASAP & redress my grievance at the

Earliest or I would have to take the matter to the higher authority. The positive & early

Expedition of my plea will be appreciated

Thanking you

Yours truly,

(Kishore Kumar Sharma)