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Loan Repayment Receipt and Final Settlement

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LOAN REPAYMENT RECEIPT

2. MODE OF PAYMENT

2.1 The mode of payment is as stated above. Income-tax law restricts repaying a loan in cash above a limit, so a repayment above that limit should be made by a bank mode. The Parties shall each comply with the income-tax law that applies to them.

3. STAMPING

3.1 This receipt is stamped, where the law requires it, consistently with the stamping note that accompanies this template.

SIGNED by the LENDER, acknowledging receipt of the amount above:
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Signature: ______________________________
(Sign across the revenue stamp, if one is affixed, so that it cannot be reused)

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