Notice of Default on Promissory Note
Re: A promissory note dated the_____day of___________20____in the original amount of Rs_______
You have defaulted under the said Promissory note in that the instalment due on the_______ day of_________ 20___ in the amount of Rs_____ has not been paid.
Accordingly demand is hereby made upon you for full payment of the entire balance of the said Promissory note in the amount of Rs______, including accrued interest to date.
In the event the entire balance is not paid within the next ten days, this matter shall be referred to a solicitor for collection, resulting in additional costs to you.
Yours very truly,