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Disbursement Checklist(NDC)

Disbursement Non Discrepancy Checklist
Customer
Lead ID No. Name
S.N. Document
Type Document Description
Details of Disbursal Memo should match with Sanction Letter. Pay-
ment details should match with DRF and Demand Letter (in case of
Builder Purchase)
16 Disbursal
Memo Payment to be made to party which is in Loan structure. If not,
approval from ZCM or above is required.
Loan Pre-closure letter is valid for 3 months. After 3 months new
loan pre-closure letter is required.
In case of interest subvention on monthly basis, check if 3 original
NACH mandate forms and canceled cheque or PDCs for subvention
period of builder are available.
NACH/ PDCs to be from Salary A/c or main business a/c of appli-
cant or as per sanction conditions. Repayment from Post Office
Savings Account is not allowed.
3 original NACH mandate forms having 2 times of the EMI amount
mentioned.
NACH taken from list of approved NACH locations.
In case of Companies/ Partnership, NACH/ PDCs should have
17 Repayment rubber stamp of authorized signatory with “For”. This authorized
Documents signatory is to be same person as per Board resolution/Partnership
- NACH/ authority letter
PDC
One canceled cheque unfilled and undated required for NACH
registration.
3 Undated and Unfilled Amount CTS Cheques with mention of
“Not exceeding Rs. <EMI AmountX3>” on cheque body. 1 Undated
and Unfilled Amount CTS Cheque with mention of “Not exceeding
Rs. <Full Loan Principal> “ on cheque body.
BPI/ PEMII/ EMI cycle date is 5th. EMI cycle date to be verified in
Loan Agreement schedule.
1 unfilled amount cheque for Broken Period Interest with mention
of “Not exceeding Rs. <EMI Amount>” on cheque body. 2 PEMII/
EMI cheques (unfilled for PEMII with mention of “Not exceeding
Rs. <EMI Amount>)

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