State Bank Of India [SBI] — Loan Closed but Lien on Property not lifted

Address:

ADDRESS: G-3 PORSELVI APARTMENT, SANGU NAGAR MAIN 7th Cross, Collectorate Post, ERODE – 638 011.

MY NAME;
S.BUVANAA CHANDRA SEKAR, B.Com., C.A,
A.V.VIJAYALAKSHMI, M.Com,

BANK NAME: State Bank of India, Sathy Road Branch, Erode – 638 004

Sir,
1) The Following Two Term Loans were borrowed from bank All the LOANS Closed.
Account No. / Name Branch Loan details
[protected] SATHY ROAD, ERODE SBI REALTY HL TL Aug12
S.BUVANAA CHANDRA SEKAR
A.V.VIJAYALAKSHMI

[protected] SATHY ROAD, ERODE SBI HOME LOAN TL (APR15)
2) MOD Registered in favour of Bank both loans separately.
First Term Loan Closed on 11.07.2015, and
Second Term Loan Closed on 29.04.2021.

With reference to the captioned Reference above, We would like to bring your notice that the above Two Housing Term Loans were Closed.

I hear from the websites.
1. The bank must cancel the MOD and release the property to the borrower if We (borrower) paid the entire outstanding principal with interest.
2. At this time, the respective bank managers will go to the registration offices and perform a release deed,
3. Confirming the release of the MOD to the registration department and clearing the encumbrances previously registered for Bank.

Whenever we are sending any letters to release of MOD, we received a letter from Bank stating that it is the duty of the borrower.
In this connection please help in this regard.