can I use provisional allotment letter as initial payment proof

Hi,

Provisional seat allotment letter means that it is a letter for confirmation of seat, example: You apply in any college for admission then they give you provisional letter for confirmation of seat by there side then you pay a fee for seat that's all about Provisional seat allotment letter.

If you are booking an under-construction property, you are required to receive an allotment letter from the builder. This letter includes all the details regarding the flat, the payment options and any extra charges that you may have to pay in case of maintenance or additional facilities.

The allotment letter may be traded on the stock exchange like the security. A shareholder can know about his/her allotment of shares through this letter. This letter also intimates about the due of allotment money from the shareholder.

Hope this helps

Wish you luck

Hello Student

A provisional letter is used for seat allotment in the Neet exam and various type of admission  entrance tests for engineering etc. But an  allotment letter what is a crucial document given by the builder to the buyer for a room/rooms in that under construction building under . If a buyer pays to the builder 15% of the the total cost of the allotted room or rooms then the builder give him a allotment letter which is also a proof of payment .In order to  any cancellation or rejection or neglecting action  from the side of builder the amount of money  is paid by the customer is payable to the customer by the builder with 15% interest with the full amount  that is envisaged by law  in connection with the construction of building . This is envisaged with the RARE act under section 18.

So  an allotment letter is certainly a proof of payment related to under consturction building binding to the contract of law or law of contract.

Hope this helps.

Hello Aspirant.

Provisional Allotment letter is basically a letter of confirmation of seat. And yes definitely you can use provisional Allotment letter as initial payment proof but some colleges/university/institutions may not accept that because of their rules and regulations because every institution have different set of rules and regulations so in that case it can not be used as initial payment proof.

GOOD LUCK AND HOPE THIS HELPS.

Thankyou.