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The Demand Letter For Refund Of Deposit is a crucial document in Indian business and legal practice, used when seeking the return of money deposited with another party. Common scenarios include security deposits for rentals, advance payments for services, or deposits made for purchase agreements that weren't fulfilled. This document serves as a formal notice and often represents the first step in legal recovery proceedings under Indian law. It should clearly state the original deposit details, reason for the refund request, and specify a reasonable timeline for compliance. The letter helps establish a paper trail and can be used as evidence in legal proceedings if the matter escalates to litigation. It must be drafted in accordance with Indian contract law principles and should include all relevant details that support the claim for refund.

1. Sender's Details: Complete name and address of the person/entity demanding the refund

2. Date: Current date of the letter

3. Recipient's Details: Complete name and address of the person/entity holding the deposit

4. Subject Line: Clear indication that this is a demand letter for refund of deposit

5. Reference Numbers: Any relevant transaction numbers, receipt numbers, or previous correspondence references

6. Deposit Details: Specific details about the deposit including amount, date paid, and purpose

7. Grounds for Refund: Clear explanation of why the deposit should be refunded

8. Legal Basis: Reference to relevant laws and contractual terms supporting the refund claim

9. Demand Statement: Clear statement of the amount demanded including any applicable interest

10. Timeline for Response: Specific deadline for response and refund

11. Consequences of Non-Compliance: Statement of intended legal action if demand is not met

12. Closing: Professional closing with signature block