application letter for fd close

Search This Blog

Search letters formats here, letter to bank for closing fixed deposit before/after maturity.

submit your comments here

Thank you very much for the format.

Was helpful in writing my letter.

What if we just wanted to withdraw some amount after maturity of FD and then want to reinvest the remaining amount as fd

Then, at first, you will have to submit a request to mature the FD in full and after receipt of the maturity amount, you can keep whatever amount you want to keep out of it and open a new FD for the rest of the amount with the bank. Options to mature an existing FD and open a new FD are available both through online medium and at branch office.

Is it possible if nominee can request for FD withdrawal as the account holder is being hospitalized and money is required for same.

Generally, only after death of the FD holder, withdrawal is possible by the nominee by providing necessary documents. But if the FD holder is alive and hospitalised, you can get the FD withdrawal/maturity form signed from that person in the hospital and submit it to the bank. Some banks have made available the form online too. Please call at the customer care executive number of the bank or email them to know the exact process. If the FD was created online, you can use the netbanking website to mature the FD. An OTP might be sent in online withdrawal case.

Thank you Ramesh :)

If the fixed deposit is in joint name what to do for encashment of it prematurely?

Both holders' signatures will be required in application form. Please visit bank's branch office. They might have printed application form for you to fill up and submit.

Can I claim fd amount after 10 years ? And how

Yes, you may. But, please contact the bank for accurate procedure for this.

Post a Comment

Leave your comments and queries here. We will try to get back to you.

Fd Todne Ke Liye Application In English | Fd Close Application In English

Fd Todne Ke Liye Application In English : Are you planning to close your fixed deposit account at your bank? Learn how to write a professional Fd Close Application in English.

Fixed deposits are a common way for people in India to save money. It’s a safe way to invest your money that guarantees a return. But there are some times when you want to close your fixed deposit account. For example, if you need money quickly for an emergency or want to invest in something else,

In such cases, it is important to write a professional FD Close Application in English to inform the bank of your decision. In this article write a 4+ formats of Fd Close Application in English.

Tips for Writing a FD Close Application in English

• Be polite and professional in your tone.
• Provide some reason for closing the FD account.
• Use simple and clear language.
• Mention the date by which you want the account to be closed.
• Follow the correct application format.
• Proofread the application before submitting it.

Fixed Deposit Closing Letter Sample

The Bank Manager

(Your Bank Name)

(Your Bank Address)

Date: DD/MM/YYYY

Subject: Request for closer my FD account

Dear Sir/Madam,

I (your name) hold the Savings Bank Account Number (Savings Bank Account No.) in your bank. I am request the closure of my fixed deposit account with your bank. The reason for this request is that I need the funds to cover some urgent expenses.

Following are the details of my FD:

Account Holder name:____________

Account Number:____________

FD / Receipt No. ___________

Fixed Deposit Account ___________________

Date of Maturity __________

I kindly request that you transfer the funds to my savings account as soon as possible.

Thank you for your assistance.

Your faithfully

[Your Name]

Your Signature

Also Read:-

Atm Card Gum Hone Ki Application In English | Application For Lost Atm Card In English

Application For Renew Atm Card In English 2023 – 4+ Best Formats

SBI ATM Unblock Application In English – 5+ Best Formats

UPI Unblock Application In English – 4+ Best Formats

Bank Me Mobile Number Change Application In English – 10+ Best Format

Fd Close Application In English

I would like to request the closure of my fixed deposit account with your bank. The reason for this request is that I have recently lost my job and require the funds from my fixed deposit account to cover my living expenses until I find new employment.

I kindly request that you process the closure and transfer the funds to my savings account as quickly as possible.

Thank you for your understanding.

Bank Me Fd Todne Ke Liye Application

I am writing to request the closure of my fixed deposit account. I would like to withdraw the entire amount of Rupees ___, as I need the funds for personal reasons.

kindly process my application at the earliest. thank you

yours truly

Fd Tudwane Ke Liye Application In English

I am Dipu Verma and I am account holder in your bank. I am writing to request the closure of my fixed deposit account as I require the funds for personal reasons.

Note: When the FD account is closed, the bank may ask for an FD bond. The bank may also ask for other documents, such as proof. If you want to break your FD (fixed deposit) after it has matured, go to your bank branch with your FD information or call your bank for more information.

I hope that writing an FD Todne Ke Liye Application in English is important to make sure that your request to close your FD is handled smoothly and without any confusion.

By following the application formats and tips mentioned in this article, you can write a perfect FD Close application in English and maintain a good connection with your bank manager. Make sure to check the application for mistakes before sending it, and include all the necessary information to keep the process from taking too long.

If you like this article, then definitely share it with your friends and colleagues. Thank you for reading this article at the end.

FAQs on Fd Close Application in English

Can i close my fixed deposit account before maturity.

Yes, you can close your fixed deposit account before maturity. However, you may have to pay a penalty for premature withdrawal.

How do I write an Fd Close Application in English?

Follow the steps mentioned in this article to write a perfect Fd Close Application in English.

Can I close my fixed deposit account online?

It depends on the your bank. Some banks may allow you to close your fixed deposit account online, while others may require you to visit the branch.

Related Post

Recent posts, which college is best for mba without entrance exam, which non iim colleges accept cat score, which entrance exam is best for mba in india.

Is Today Bank Open Or Close?

15 Days Leave Application For School – 5+ Different Samples

School Se Naam Katwane Ke Liye Application In English – 5+ Different Samples

ATM Card Band Karne Ki Application In English (4+ Format)

Clc Ke Liye Application In English – 5+ Different Samples

Application For Joint Account To Single Account

Application for email id update in bank – 5+ best formats.

© Applicationwallah.in | All rights reserved

Privacy Policy | Disclaimer | About Us | Contact Us

Fixed Deposit Closure Application Letter to Bank Manager

Closing a fixed deposit (FD) account with your Bank can seem daunting. However, writing an application letter to your bank manager requesting the closure of your FD account is simple. This comprehensive guide provides step-by-step instructions and sample letters to help you easily write a practical FD closure application.

Fixed Deposit Liquidation Application to Bank Manager

You may need to close or liquidate your fixed deposit account prematurely due to an unexpected financial emergency. Here is a sample application letter to request your bank manager for premature closure of the FD account:

Date: DD/MM/YYYY

The Manager

[Bank Name]

[Bank Address]

Subject: Request for premature closure of Fixed Deposit Account No. [xxxxxx]

Respected Sir/Madam,

I, [Your Name], presently reside at [Your Address] and hold a fixed deposit account [FD Account Number] at your [Branch Name] branch. The details related to the account are:

• FD Account Number:
• Date Opened:
• Original Tenure:
• Maturity Date:
• Original Deposit Amount:
• Interest Rate:

I opened this [1/2/3 years] FD account [days/months/years] ago for [purpose, e.g., children’s education/wedding/vacation]. Unfortunately, due to [state reason], I am facing an urgent financial crisis and need money.

Therefore, I request that you let me close my fixed deposit account prematurely. I request you to [waive off penalties for pre-closure/deduct minimum pre-closure penalties] and pay the principal deposit amount along with accrued interest earned to date.

I will be highly thankful to you for considering my application favorably. Please let me know if you need any other documents from my end to process this closure request.

[Your name]

[Your signature]

Encl: Copy of FD account statement/passbook

This application letter clearly states your requirement for premature FD closure while providing critical details about your FD account. Customize the letter with your personal details and account information. Politely request the bank manager to consider waiving off or minimizing penalties to improve the chances of approval.

Application for Fixed Deposit Early Withdrawal Due to Financial Hardship

Are you facing unexpected medical expenses, job loss, or other emergencies? Here is how to write an application to withdraw your FD principal prematurely:

Fixed Deposit Early Withdrawal Application Due to Medical Emergency

Subject: Request for Fixed Deposit premature closure due to medical emergency

I, [Your Name], hold a fixed deposit account [FD account number] at your [branch name] branch. I had opened this [1/2/3 years] FD on [date] for Rs [amount] at an interest rate of [rate]%.

Unfortunately, my [relation] has been hospitalized recently for [medical condition], and the treatment requires approximately Rs [amount]. This has put an extreme financial burden on my family. I’m sharing copies of medical reports and bills as document proof here for you.

As I do not have enough savings to pay for the treatment, I request you to allow premature closure of my fixed deposit. Please allow closure of my FD and pay the principal along with interest accrued to date after deducting minimum penalty charges.

Please understand my situation and process my closure request urgently. Please let me know if any other supporting documents are required from my end.

Encl: Medical reports/bills copy

To support your application, submit additional documents like doctor prescriptions, medical test reports, hospital bills, etc. Being polite and highlighting urgency may help get it approved faster.

Fixed Deposit Premature Withdrawal Request Due to Job Loss

The Manager,

Subject: Fixed Deposit Premature Closure Request Due to Job Loss

This is to inform you that I, [Your Name], working as [designation] at [company name], have recently lost my job due to the company winding up operations.

I have an existing fixed deposit account [FD account number] at your [branch name] branch, which I opened [months/years ago]. The details related to it are:

• Maturity Amount:

As I have lost my primary source of income, I am facing severe financial constraints to manage monthly household expenses. I would therefore like to request that you please allow me to close my fixed deposit account prematurely.

I would be grateful if you waive any penalty charges for premature withdrawal and sanction closure as soon as possible. Please feel free to contact me if any clarification or documents are required for expediting this closure request.

Encl: Company closure notice/termination letter

Customize this sample letter with your employment and FD details. Including authentic evidence of job loss will portray genuineness.

Application to Close Fixed Deposit Due to Other Financial Emergency

Subject: Fixed Deposit Premature Closure Application

I opened a [1/2/3 years] fixed deposit account [FD account number] at your [branch name] branch on [date] with an interest rate of [rate]%, which totals a maturity amount of Rs [amount].

[Explain your situation briefly – a medical emergency, accident expense, house repair due to damage, etc.]

Due to this [financial/medical] emergency, I have inadequate funds to meet the expenses. Please allow the premature closure of my FD account.

Please waive off or charge minimum penalties on closure so I can withdraw the principal and accrued interest urgently to meet my financial needs. I’m sharing the necessary supporting documents here.

Please feel free to contact me at +91-xxxxxxxxxx for any clarifications needed to process this request as soon as possible.

Encl: Supporting documents

Briefly explain your situation and financial constraints while requesting to waive off penalties. Submit relevant proofs to validate your emergency.

Application for Fixed Deposit Closure for Investment Opportunities

Sometimes, better investment avenues that provide higher returns may arise. Here is how you can request to close your existing FD and reinvest funds:

[Bank Branch]

Subject: Application for Fixed Deposit closure to reinvest funds

I, [Your name], hold a Fixed Deposit account [FD account number] at your branch, which was opened on [date] for a tenure of [1/2/3 years] years at an interest rate of [rate]%.

Recently, my [relationship] informed me about some [property purchase/stock market investment] opportunity that promises [higher / better] returns compared to my existing FD account’s interest earnings.

I request that my Fixed Deposit account be closed to reinvest the maturity proceeds into this new [real estate/equity] opportunity for better wealth creation. Please deduct the minimum pre-closure penalty and provide me closure proceeds as soon as possible to avail of this time-bound offer.

Don’t hesitate to contact me on my mobile number, +91-X, in case any clarification or documents are required from my end to process this request.

Briefly explain the new investment opportunity and expected higher gains to justify your closure request logically. Submitting any proof of such offers will add more credibility.

Application to Revoke Fixed Deposit Auto-renewal and Request Closure

If you don’t wish to continue your FD account post maturity, write an application letter to the bank manager requesting cancellation of auto-renewal and closure of the account after maturity payment.

[Branch Address]

Subject: Request for Fixed Deposit Auto Renewal Cancellation and Account Closure

This is to inform you that I have a fixed deposit account [FD account number] with your branch. As per the FD agreement terms, the performance is set to auto-renew on maturity for the existing tenure.

However, I want to cancel my FD account’s auto-renewal option. Kindly ensure the account is not renewed automatically when it matures on [maturity date].

On maturity, please credit the principal plus accrued interest to date to my savings account [savings account number]. Post this, kindly close my FD account with your Bank permanently.

Please revert if you need any other supporting documents to process this request.

Clearly instruct the Bank not to renew your FD automatically, along with an account closure request after maturity payment proceeds are credited.

Application for Fixed Deposit Account Termination After Maturity Date

Here is how to formally request the closure of your fixed deposit account post-completion of its tenure:

Subject: Fixed Deposit Account Closure after Maturity

Please note that I hold a fixed deposit account [FD account number] at your [branch name]. The said FD account was opened on [date] for the tenure of [months/years] at [interest rate]% interest rate, which is set to mature on [maturity date].

My account shall complete its stipulated tenure next week upon maturity. Please credit the entire principal deposit amount and accrued interest for a full term to my Savings Account [savings account number] on [maturity date].

Post this payment, kindly close my FD account [FD account number] with your Bank permanently. Please revert if any other supporting documents are required from my end for this closure procedure.

[Your Signature]

Inform the Bank about your matured FD details while requesting account termination post-maturity payout. Keep the letter formal and polite for quick processing.

Application to Consolidate Multiple Fixed Deposits and Close Accounts

If you hold multiple FDs, here is how to request combining them into one consolidated FD account:

[Bank Name ]

Subject: Fixed Deposit Accounts Consolidation and Closure Request

I have been banking with your esteemed branch for the past [years] and hold [number] fixed deposit accounts as per the following details:

FD Account No.

Maturity Date

Current Value

Interest Rate

Rs [amount]

To simplify management, I want to consolidate all my existing FDs into one Fixed Deposit account. Request you to combine all my FDs into one consolidated account with an aggregate principal value of Rs [total amount].

Please set the new consolidated FD for [1/2/3 years] tenure at the maximum interest rate applicable. Also, please close my individual FD accounts post successful funds transfer into the new consolidated account.

Please confirm the latest procedural formalities for FD consolidation and associated charges, if applicable. Eagerly await your response.

Furnish all your existing FD details in a table for clarity. Specify tenure, interest rate desired for new consolidated accounts, and closure requests for old accounts.

Fixed Deposit Closure Application Letter to Bank Manager With Pictures

How to Write Fixed Deposit Closure Application Letter to Bank Manager

Follow these quick steps to draft a practical fixed deposit account closure request application to your Bank:

• Open with Salutation – Start by formally addressing your bank manager with a ‘Dear Sir/Madam’ salutation.
• Mention Account Details – Provide your complete FD account details like account number, date opened, tenure, interest rate, etc.
• Reason for Closure – Outline specific reasons for submitting the FD closure request application.
• Supporting Documents – Furnish copies of supporting documents like medical bills, termination letters, etc., based on closure reason.
• Closure & Settlement Request – Request the bank manager to process FD account closure and settlement of maturity proceeds into your savings account.
• Signature & Contact Info – Close the letter with your name, signature and contact details for further communication.

Being polite, highlighting the urgency for funds (if applicable), and enclosing relevant documents can significantly improve the chances of approval. Adapt provided samples and follow guidelines to quickly draft an effective FD account closure application letter suitable to your specific requirements!

We hope this comprehensive guide with detailed samples for different scenarios helps you easily write an appropriate fixed deposit closure application letter to your bank manager without any hassles. Remember to be polite, explain the rationale clearly, and enclose supporting proofs wherever feasible to fast-track closure approval! Let us know if you have any other queries.

What documents are required for a fixed deposit closure request?

Ans. The Bank may request documents like FD account statements, ID/address proofs, PAN, supporting proofs like medical bills, etc., for closure.

How much time does the Bank take to close an FD account?

Ans. Banks usually process FD account closure requests within 5-7 working days after letter submission and any other documents sought.

Can I get my FD money back before the maturity date?

Ans. Yes, you can submit a request for premature FD closure in case of emergency, though banks may levy penalty charges on the principal amount.

What happens if the FD account auto-renewal is not canceled before maturity?

Ans. If auto-renewal is active and not revoked before maturity, the FD amount will be automatically reinvested post-tenure for the existing lock-in period.

Also Reads,

Bilal Rafique, the person behind Ilmhere.com, works hard to create real and detailed educational content that helps people get better at English. Ilmhere.com is a website where you can learn English online. It covers lots of topics like English grammar, how to write applications, and other useful things to make learning easier.

7+ Best Application For Hostel Leave With Complete Guide (2024)

7+ application to bank manager for minor to major account (2024), related articles.

13+ Write A Letter To Your Friend To Spend Summer Vacation

11+ Leave Application for Child Care With Formatting, Tips and FAQs

10+ Leave Application For College With Format In English

Leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Application for Breaking Fixed Deposit (with Samples & PDFs)

I have listed sample templates to help you craft an effective and professional application for breaking fixed deposit.

Also, I would like to point out that you can also download a PDF containing all the samples at the end of this post.

Regarding Application for Premature Withdrawal of Fixed Deposit

First, find the sample template for application for breaking fixed deposit below.

To, The Manager, [Bank Name], [Branch Address], [City, State], India.

Subject: Application for Breaking Fixed Deposit

Dear Sir/Madam,

I am writing this letter to request the premature closure of my Fixed Deposit Account (FD) with your bank. My FD Account number is [FD Account Number] and the maturity date is [Maturity Date].

I need to break this Fixed Deposit due to [mention reason briefly – e.g., urgent financial need, medical emergency, or any other reason]. I kindly request you to process the closure of my FD and transfer the funds to my savings account linked with the same bank.

I understand that there may be penalties or charges for breaking the Fixed Deposit before the maturity date, and I am willing to abide by the rules and regulations set by the bank in this regard.

I would appreciate it if you could expedite the process and provide me with the necessary details on the amount to be credited to my savings account after deducting any applicable charges.

Thank you for your prompt attention to this matter. I look forward to your cooperation in this regard.

Yours sincerely,

[Your Name] [Your Contact Number]

Below I have listed 5 different sample applications for “application for breaking fixed deposit” that you will certainly find useful for specific scenarios:

Application to Break Fixed Deposit for Emergency Medical Expenses

To: [Bank Manager’s Name] [Bank Name] [Branch Address]

Subject: Application to Break Fixed Deposit for Emergency Medical Expenses

Dear [Bank Manager’s Name],

I hope you are doing well. I am writing to request your help with a matter of urgency. My [family member/friend], [Name], has fallen ill and requires immediate medical attention. The doctors have advised that [he/she] needs a treatment that we must arrange for without delay.

To cover the medical expenses, I kindly request your permission to break my Fixed Deposit account number [FD Account Number]. The funds from this Fixed Deposit will help us pay for the necessary medical procedures and medications for [Name].

I understand that breaking a Fixed Deposit before its maturity date may incur penalties, but this situation is an emergency, and I have no other means to finance the medical treatment required for [Name].

I assure you that once the situation stabilizes, I will deposit the funds back into a new Fixed Deposit account as soon as possible. I kindly request your understanding and assistance in this matter.

Thank you for your attention to this urgent request. I am grateful for your support during this challenging time.

[Your Name] [Account Number] [Contact Number]

Application for Early Withdrawal of Fixed Deposit for Family Emergency

To, The Manager, [Bank Name], [Branch Address]

Subject: Application for Early Withdrawal of Fixed Deposit for Family Emergency

Respected Sir/Madam,

I am writing to request the early withdrawal of my Fixed Deposit (FD) account [FD Account Number] due to a family emergency that requires immediate financial assistance. My family is facing a sudden situation that needs urgent funds for medical treatment.

I understand that withdrawing the FD before maturity may involve penalties, but this unforeseen circumstance necessitates this action. I kindly request your understanding and support during this difficult time for my family.

I assure you that I will comply with all necessary procedures and settle any dues or charges incurred for the early withdrawal. I kindly request your prompt assistance to expedite the process so that I can provide the necessary help to my family at the earliest.

Thank you for your attention to this matter. I am grateful for your understanding and cooperation in this challenging situation.

[Your Name] FD Holder

Application for Premature Closure of Fixed Deposit due to Urgent Home Repairs

Subject: Application for Premature Closure of Fixed Deposit due to Urgent Home Repairs

I am writing to request the premature closure of my Fixed Deposit (FD) account with your bank. The reason for this request is the urgent need for home repairs at [Your Address].

Due to unforeseen circumstances, our home requires immediate repairs to ensure the safety and well-being of my family and me. The funds from the FD account will help cover the expenses needed for these repairs.

I kindly request your assistance in processing the premature closure of my FD account and transferring the funds to my savings account [Account Number]. I would be grateful for your prompt attention to this matter as the repairs are essential for our living conditions.

Thank you for your understanding and cooperation.

[Your Name] [Your Account Number]

Application to Liquidate Fixed Deposit to Fund Education Abroad

Subject: Application to Liquidate Fixed Deposit to Fund Education Abroad

I am writing to request the liquidation of my Fixed Deposit with account number [FD Account Number] to fund my education abroad. I have been offered a great opportunity to study in [Country Name] and I need financial support to pursue my dreams.

I have attached the necessary documents, including my admission letter, course details, and fee structure for your reference. The total amount required for my education is [Amount in Rupees], and I believe liquidating my Fixed Deposit is the best option to meet this financial need.

I kindly request your assistance in processing the liquidation of my Fixed Deposit at the earliest convenience. Your support in this matter would greatly help me in achieving my academic goals and making my family proud.

Thank you for considering my request.

[Your Name]

Application for Breaking Fixed Deposit to Support Small Business Venture

To, The Manager, [Bank Name], [Branch Address], [City, State, Pin Code]

Subject: Application for Breaking Fixed Deposit to Support Small Business Venture

I hope you are doing well. I am writing this letter to request your help in breaking my fixed deposit account with [Bank Name] to support my small business venture. I have been dreaming of starting a small business in my community to create job opportunities and contribute to our local economy.

I have carefully planned my business idea and believe that with your assistance, I can make it a reality. Breaking my fixed deposit will provide me with the necessary funds to purchase equipment, raw materials, and cover initial expenses for setting up the business.

I understand the importance of a fixed deposit, but I assure you that this decision is crucial for me to pursue my entrepreneurial dream. I am committed to repaying the amount withdrawn as soon as my business starts generating revenue.

I kindly request your approval and assistance in processing the closure of my fixed deposit account at the earliest. Your support in this matter will be greatly appreciated and will help me move one step closer to achieving my goal.

Thank you for considering my request. I look forward to your positive response.

How to Write Application for Breaking Fixed Deposit

Some writing tips to help you craft a better application:

• Address the Bank Manager by name if known, or use “Dear Bank Manager.”
• State your intention clearly at the beginning of the letter.
• Provide your account details, including account number and type of Fixed Deposit.
• Mention the reason for breaking the Fixed Deposit and the amount you wish to withdraw.
• Express gratitude for the services received from the bank so far.
• Request the bank to process the request at the earliest convenience.
• End the letter with a polite closing, such as “Sincerely” or “Thank you.”
• Sign the letter with your full name and date.

Related Topics:

• Application for Engineering Branch Change
• Application for Borewell Permission
• Application for Library Book Issuance

View all topics →

I am sure you will get some insights from here on how to write “application for breaking fixed deposit”. And to help further, you can also download all the above application samples as PDFs by clicking here .

And if you have any related queries, kindly feel free to let me know in the comments below.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Save my name, email, and website in this browser for the next time I comment.

Application for Closing Bank Account

Sometimes you have got to close your bank account for various reasons. You need to draft an application for closing bank account properly. Along with it, you need to attach a few important documents as well. This article let us learn how to write an application for closing bank account, the guidelines to be followed and a few sample letters to understand the topic in depth.

To close your bank account, you must write an application letter to the manager of your respective bank branch. Along with the application, you must also include/attach the documentation required to shut your account, such as a passbook, chequebook, ATM card (debit/credit), identity proof and so on. It is also important to mention the reason for closing your bank account.

A person’s bank account might be closed for a variety of reasons. Some common causes include difficulties maintaining several accounts, inadequate response or service, unnecessarily charged fees, personal or financial troubles, the death of a family member, an untrustworthy online service, or an inability to maintain a minimum balance.

Guidelines to follow before Closing your Bank Account

• It is critical to double-check your account balance before closing it.
• Check your balance and then write a cheque to withdraw your money.
• Before requesting closure, ensure that all of your transactions and bank-related operations have been completed.
• Using an ATM card may result in less than 500 remaining. Hence, use a cheque whenever emptying the money in your bank account.
• Deposit or destroy a blank chequebook and ATM card for security and personal reasons.
• Confirm that your account has been closed.

Format for Application for Closing Bank Account

The Branch manager

Bank Address

Subject: Application to Close Bank Account

Body of the letter: Mention the reason for closing the bank account, also mention the required bank details such as account number, member ID, passbook, identity proof, etc.

Complimentary Closing

Sender’s Name

Application for Closing Bank Account Samples

Sample 1 – letter for closing current account.

The Branch Manager

State Bank of India

SV Road Branch

12 th October 2022

Subject: Request for Closing Current Account

Respected Sir/Madam,

My name is Ramesh Pawar and I am holding a Current Account in your bank. I would like to close my account because I am having difficulties in maintaining multiple bank accounts. Along with this letter, I am submitting the account passbook and my identity confirmation. Please perform the necessary and begin the closing procedure as soon as feasible.

Thanking you.

Yours Sincerely,

Ramesh Pawar

(Attach original passbook and identity copy)

Explore More Sample Letters

• Leave Letter
• Letter to Uncle Thanking him for Birthday Gift
• Joining Letter After Leave
• Invitation Letter for Chief Guest
• Letter to Editor Format
• Consent Letter
• Complaint Letter Format
• Authorization Letter
• Application for Bank Statement
• Apology Letter Format
• Paternity Leave Application
• Salary Increment Letter
• Permission Letter Format
• Enquiry Letter
• Cheque Book Request Letter
• Application For Character Certificate
• Name Change Request Letter Sample
• Internship Request Letter
• Application For Migration Certificate
• NOC Application Format
• Application For ATM Card
• DD Cancellation Letter

Sample 2 – Letter for Closing Savings Account

Dhana Lakshmi Bank

MG Road Branch

18 th April 2022

Subject: Request for Closing Savings Account

Dear Sir/Madam,

My name is Rahul Tripathi and I have a savings bank account with you. XXXXXXXXXXXXXXX is my account number. I haven’t used my account in a long time and don’t need it right now.

As a result, I respectfully recommend that you close this bank account. I’ve attached all of the paperwork needed to close the bank account. If you can complete this in less time, I will be eternally thankful.

Yours truly,

Rahul Tripathi

Sample 3 – Letter for Closing Account Due to Excessive Charges

3 rd July 2022

Subject: Request for Closing my Bank Account

I’m requesting that you close my current account via this application since I’ve seen that unnecessary and excessive costs are being deducted from it over the past few days. Despite the fact that I have not engaged in any unusual transactions. My account information is as follows:

Account Holder’s Name:

Account No.:

Aadhar Card No.:

Registered Email:

Registered Mobile:

Along with my application, I will be returning my passbook, chequebook, and ATM cards. As a result, please accept my application and begin the process of terminating my account.

Kapil Dhuria

Sample 4 – Letter for Closing Account Due to Personal Reasons

Union Bank of India

Noida Branch

30 th September 2021

My name is Sakshi Malik, and I have a savings account at your branch with account number 1147693627569. Because I am relocating to Mumbai for personal reasons, I would like to liquidate my savings account and take the money. I would appreciate it if you could please terminate my account as soon as possible because I will be travelling next week.

For your convenience, I have enclosed the bank passbook, identity, and address evidence.

Yours faithfully,

Sakshi Malik

Frequently Asked Questions

Q1. What documentation is needed to close a bank account?

Answer. All account information, including account holder name, address, account number, associated mobile number, signature, original passbook and original chequebook (if issued). Your Identification Proof (Aadhar Card, Voter ID Card, Electricity Bill, etc.), Address Proof (Aadhar Card, Voter ID Card), and Debit Card / Credit Card are also required (if issued).

Q2. What is the average time it takes to close a bank account?

Answer. It is entirely dependent on your bank. Request that your bank manager performs this activity as soon as feasible. However, it just takes five to 10 days. However, in some government banks, this process can take up to two months.

Q3. Can a bank reinstate a previously closed account?

Answer. Yes, you can reopen a bank account that has been closed. However, whether you can reopen the bank account relies on the bank in specific situations.

Customize your course in 30 seconds

Which class are you in.

Letter Writing

• Letter to School Principal from Parent
• ATM Card Missing Letter Format
• Application for Quarter Allotment
• Change of Address Letter to Bank
• Name Change Letter to Bank
• Application for School Teacher Job
• Parents Teacher Meeting Format
• Application to Branch Manager
• Request Letter for School Admission
• No Due Certificate From Bank

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Download the App

23+ Fixed Deposit Letter Format – How to Start, Tips, Templates

• Letter Format
• March 19, 2024
• Bank Letters , Request Letters

Fixed Deposit Letter Format: Fixed deposits are a popular form of investment where individuals can earn a fixed rate of interest for a specific period of time . Banks and financial institutions offer fixed deposits to individuals who wish to invest their money in a safe and secure way . When opening a fixed deposit account, individuals are required to provide a Bank letter stating the amount they wish to deposit, the duration of the deposit, and other relevant details . In this article, we will discuss the Fixed Deposit Letter Format.

• NOC Letter Format for Bank Loan 
• Bank Account Closing Letter Format
• Request Letter to Bank for Open Current Account Format
• Bank Letter to request Overdraft Facility

Fixed Deposit Letter Format Tips

Content in this article

• Header: The header of the Fixed Deposit Letter Format should include the name of the bank or financial institution, their address, and the date on which the letter is being written. The letter should be addressed to the bank manager and should be written in a formal tone.
• Subject: The subject of the Request letter should clearly state the purpose of the letter. It should be brief and to the point. For example, “Request for Fixed Deposit Account”.
• Salutation: The salutation should be formal and respectful. Address the bank manager as “Dear Sir/Madam” or “Respected Sir/Madam”.
• Body: The body of the Fixed Deposit Letter Format should clearly state the amount that you wish to deposit in the fixed deposit account, the duration of the deposit, and the interest rate that you expect to receive. It is also important to mention whether you wish to receive the interest on a monthly, quarterly, or annual basis. In addition, provide your personal details, such as your name, address, contact number, and email address.
• Closing: The closing of the letter should be polite and formal. End the letter with “Yours faithfully” or “Yours sincerely”, followed by your name and signature.

Fixed Deposit Letter format – Sample format

Below is a Sample format of Fixed Deposit Letter Format:

[Your Name] [Your Address] [City, State, Zip Code] [Your Email Address] [Your Phone Number] [Date]

[Bank Manager’s Name] [Bank Name] [Branch Address] [City, State, Zip Code]

Subject: Request for Fixed Deposit Account Opening

Dear [Bank Manager’s Name],

I hope this letter finds you well. I am writing to request the opening of a Fixed Deposit Account with your esteemed bank.

[Paragraph 1: Introduction] I am interested in investing a sum of money in a Fixed Deposit Account with your bank. After careful consideration of various investment options, I believe that a Fixed Deposit Account aligns with my financial goals and offers a secure and stable investment opportunity.

[Paragraph 2: Details of the Deposit] I intend to deposit [mention the amount in figures and words] into the Fixed Deposit Account. I would appreciate it if you could provide me with information regarding the interest rates, tenure options, and any other terms and conditions associated with opening a Fixed Deposit Account with your bank.

[Paragraph 3: Request for Action] I kindly request your assistance in facilitating the opening of the Fixed Deposit Account at your earliest convenience. Please let me know if there are any documents or formalities that I need to complete to initiate the process.

[Closing Paragraph] Thank you for considering my request. I look forward to your prompt response and guidance in this matter. Should you require any further information or clarification, please do not hesitate to contact me.

[Your Name]

Fixed Deposit Letter format – Sample Format

Fixed Deposit Letter format – Example

Here’s an Example of Fixed Deposit Letter format:

Subject: Application for Fixed Deposit Account

I hope this letter finds you in good health. I am writing to request the opening of a Fixed Deposit Account with your esteemed bank.

I have been a customer of [Bank Name] for several years and have always been impressed with the professionalism and efficiency of your services. After careful consideration of various investment options, I have decided to invest a portion of my savings in a Fixed Deposit Account.

I would like to deposit an amount of [mention the amount in figures and words] into the Fixed Deposit Account. I understand that your bank offers competitive interest rates and flexible tenure options, which make it an ideal choice for my investment needs.

I kindly request your assistance in facilitating the opening of the Fixed Deposit Account at your earliest convenience. Please provide me with information regarding the documentation required and any other formalities that need to be completed.

Thank you for considering my request. I look forward to a positive response and a fruitful banking relationship with your institution.

Fixed Deposit Letter Format – Example

Requesting A Fixed Deposit Letter Format

Here’s a Requesting a Fixed Deposit Letter Format:

[Bank/Financial Institution Name] [Address] [City, State, ZIP Code]

Subject: Request for Fixed Deposit Account

Dear Sir/Madam,

I would like to open a fixed deposit account in your esteemed bank. I am interested in depositing an amount of [amount] for a duration of [duration]. Could you kindly inform me about the interest rates being offered for this duration? Also, I would like to receive the interest on a [monthly/quarterly/annual] basis.

Please find enclosed all the necessary documents required to open the fixed deposit account, along with a copy of my identification proof and address proof.

I would appreciate your prompt action in setting up this account. Please inform me of any additional information or formalities that may be required.

Thank you for your assistance.

Yours faithfully,

[Your Name] [Signature]

Requesting A Renewal of Fixed Deposit Letter Format

Here’s a Requesting A Renewal of Fixed Deposit Letter Format:

Subject: Request for Renewal of Fixed Deposit Account

I have been holding a fixed deposit account with your bank for the past [duration] and it is due for renewal on [date]. I would like to renew the account for a further period of [duration].

Could you kindly inform me about the current interest rates being offered for this duration? Also, I would like to receive the interest on a [monthly/quarterly/annual] basis.

I have attached a copy of my identification proof and address proof for your reference.

Please inform me of any additional formalities that may be required for the renewal of the fixed deposit account. I would appreciate your prompt action in renewing the account.

Fixed Deposit Letter format – Template

Here’s a Template of Fixed Deposit Letter format:

I am writing to request the opening of a Fixed Deposit Account with [Bank Name]. I believe that a Fixed Deposit Account aligns with my financial goals and offers a secure and stable investment opportunity.

I intend to deposit [mention the amount in figures and words] into the Fixed Deposit Account. I kindly request your assistance in facilitating the opening of the account and providing information regarding the interest rates, tenure options, and any other terms and conditions associated with opening a Fixed Deposit Account with your bank.

Thank you for considering my request. I look forward to your prompt response and guidance in this matter. Should you require any further information or clarification, please do not hesitate to contact me.

Fixed Deposit Letter Format – Template

Requesting for Premature Withdrawal of Fixed Deposit Letter Format

Here’s a Requesting for Premature Withdrawal of Fixed Deposit Letter Format:

Subject: Request for Premature Withdrawal of Fixed Deposit

I am writing to request for the premature withdrawal of my fixed deposit account, which I had opened on [date]. The current deposit amount is [amount] and the maturity date is [date]. Due to unforeseen circumstances, I require the funds urgently.

I am aware that premature withdrawal of fixed deposits attracts a penalty fee, and I am willing to pay the same. Could you please inform me of the penalty amount?

I have attached a copy of my identification proof and address proof for your reference. Please let me know the formalities required for the premature withdrawal of the fixed deposit account.

I would appreciate your prompt action in this matter.

letter to bank for fixed deposit

Here’s a letter to bank for fixed deposit:

I have been considering various investment options, and after careful deliberation, I have decided that a Fixed Deposit Account aligns best with my financial goals. Therefore, I would like to deposit a sum of [mention the amount in figures and words] into the Fixed Deposit Account.

I kindly request your assistance in facilitating the opening of the Fixed Deposit Account at your earliest convenience. Additionally, I would appreciate it if you could provide me with information regarding the interest rates, tenure options, and any other terms and conditions associated with opening a Fixed Deposit Account with your bank.

Letter to Bank for Fixed Deposit 

Fixed deposit request letter format

This a Fixed deposit request letter format:

I have been considering various investment options and have decided that a Fixed Deposit Account aligns best with my financial goals. Therefore, I would like to deposit a sum of [mention the amount in figures and words] into the Fixed Deposit Account.

Fixed Deposit Request Letter Format

fixed deposit account opening letter

Here is a fixed deposit account opening letter:

I hope this letter finds you well. I am writing to formally request the opening of a Fixed Deposit Account with your esteemed bank.

I have carefully reviewed the various investment options available and have concluded that a Fixed Deposit Account would best suit my financial objectives. Therefore, I wish to deposit a sum of [mention the amount in figures and words] into the Fixed Deposit Account.

I kindly request your assistance in facilitating the opening of the Fixed Deposit Account at your earliest convenience. Additionally, I would appreciate it if you could provide me with detailed information regarding the interest rates, tenure options, and any other terms and conditions associated with opening a Fixed Deposit Account with your bank.

Please find enclosed all the necessary documentation required for the account opening process. If there are any additional forms or procedures that need to be completed, please let me know, and I will promptly provide the required information.

Thank you for your attention to this matter. I look forward to a prompt response and the opportunity to begin a mutually beneficial banking relationship with your institution.

Fixed Deposit Account Opening Letter

Email Format about Fixed Deposit Letter format

Here’s an Email Format of Fixed Deposit Letter format:

I hope this email finds you well. I am interested in opening a fixed deposit account in your esteemed bank and would like to request your assistance in this matter.

I would like to deposit an amount of [amount] for a duration of [duration]. Could you please provide me with the current interest rate being offered for this duration? Also, I would like to receive the interest on a [monthly/quarterly/annual] basis.

I have attached all the necessary documents required to open a fixed deposit account, along with a copy of my identification proof and address proof. Please let me know if any additional formalities are required.

I would appreciate your prompt action in setting up this account. Please inform me of any further details that may be required and let me know when the account is set up.

Yours sincerely,

[Your Name] [Your Contact Number]

Email Format about Fixed Deposit Letter Format

Fixed deposit letter format for bank manager

Here is a Fixed deposit letter format for bank manager:

Fixed Deposit Letter Format for Bank Manager

Fixed deposit letter format for business purposes

This is a Fixed deposit letter format for business purposes:

[Your Company Name] [Your Company Address] [City, State, Zip Code] [Your Email Address] [Your Phone Number] [Date]

Subject: Request for Fixed Deposit Account Opening for Business

I hope this letter finds you well. I am writing on behalf of [Your Company Name], and I am interested in opening a Fixed Deposit Account with your esteemed bank for business purposes.

As part of our financial management strategy, we are seeking to invest a portion of our company funds in a secure and stable investment vehicle. After careful consideration, we have identified a Fixed Deposit Account as an ideal option to achieve our investment goals.

We intend to deposit a sum of [mention the amount in figures and words] into the Fixed Deposit Account. We kindly request your assistance in facilitating the opening of the account and providing us with detailed information regarding the interest rates, tenure options, and any other terms and conditions associated with opening a Fixed Deposit Account for business purposes with your bank.

Please find enclosed all the necessary documentation required for the account opening process. If there are any additional forms or procedures that need to be completed, please let us know, and we will promptly provide the required information.

Thank you for your attention to this matter. We look forward to a prompt response and the opportunity to establish a successful banking relationship with your institution.

[Your Name] [Your Position] [Your Company Name]

Fixed Deposit Letter Format for Business Purposes

FAQS for Fixed Deposit Letter Format – How to Start, Tips, Templates

How do i start a fixed deposit letter format.

Fixed Deposit Letter Format Begin by addressing the recipient (e.g., bank manager) and introducing yourself. Clearly state the purpose of the letter, which is to request the opening of a fixed deposit account.

What are some tips for writing a Fixed Deposit Letter Format?

Fixed Deposit Letter Format Be clear and concise in your request. Provide necessary details such as the amount you wish to deposit, your contact information, and any specific requirements. Use a professional tone and proofread the letter before sending it.

Can you provide templates for a Fixed Deposit Letter Format?

Yes, you can find templates for Fixed Deposit Letter Format online or create your own using word processing software. Ensure that the template includes all relevant information and follows a formal format.

What information should be included in a Fixed Deposit Letter Format?

A Fixed Deposit Letter Format should include your name, address, contact information, the recipient’s details, the purpose of the letter, the amount you wish to deposit, and any other relevant details or requests.

Are there any specific formatting guidelines for a fixed deposit letter?

The letter should be formatted in a professional manner, with clear headings and paragraphs. Use a standard font and size, such as Times New Roman, 12-point font, and single spacing.

How long should a fixed deposit letter be?

A fixed deposit letter should be concise and to the point. It can typically range from one to two pages, depending on the amount of detail you need to include.

What is the purpose of a fixed deposit letter?

The purpose of a fixed deposit letter is to formally request the opening of a fixed deposit account with a bank, providing all necessary details and instructions for the account setup.

The above sample format can be used as a guideline when writing a fixed deposit letter format. It is important to provide all the necessary details and information in a clear and concise manner . Make sure to proofread the letter before submitting it to the bank or financial institution. By following Fixed Deposit Letter Format and guidelines, you can ensure that your fixed deposit account is set up smoothly and without any hassle .

Related Posts

24+ Car Parking Letter Format – How to Write, Email Templates

11+ Authorized Signatory Letter Format – Templates, Writing Tips

Write 1 Hour Permission Letter Format for Office – 14+Templates

20+ Warranty Letter Format – How to Write, Examples, Email Ideas

15+ Vigilance Complaint Letter Format, Key Tips, Templates

25+ Undertaking Letter Format for Students – Tips, Examples

Leave a reply cancel reply.

Your email address will not be published. Required fields are marked *

Name  *

Email  *

Add Comment

Save my name, email, and website in this browser for the next time I comment.

Post Comment

The Economic Times daily newspaper is available online now.

How to close a bank fd: forms and documents to be submitted, interest rate.

How to close a bank FD (whether opened online or offline by visiting a bank branch), both on maturity and premature closure.

Closure of FD on maturity

• Auto-renew : On the due date, the bank may renew the FD automatically for one year or for the original term of the FD.
• Auto liquidation: On the due date, the FD gets liquidated and the bank transfers the proceeds to the savings account.

Premature closure of FD

• Partial closure: For the deposit amount remaining after the part withdrawal, interest rate will be reset as the rate applicable for the amount remaining, for the original tenure, as prevailing on the date of opening of the deposit.
• Full closure and reinvestment into new FD: In case of the fixed deposit being prematurely closed for the purpose of reinvestment into another scheme of fixed deposit, the existing deposit would be subject to penal rate of interest as prescribed by the bank on the date of deposit. Interest will be paid for the period the deposit has remained with the bank. The interest rate prevailing on the date of re-investment of term deposit will be applicable for the new term deposit.

Read More News on

(Your legal guide on estate planning, inheritance, will and more.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

Chabahar Port: How the US is ignoring its stated policy of sanctions waiver to India

The curious case of disappearing craft beers

Fourteen years on, is Sunil Mittal happy with Airtel Africa?

What's troubling Cognizant, Wipro turn around? And they aren't the only ones struggling.

Why SIPs of a hot market can’t save you enough for retirement

Weapon systems that can arm India: Lessons from Russia-Ukraine, Gaza

Find this comment offensive?

Choose your reason below and click on the Report button. This will alert our moderators to take action

Reason for reporting:

Your Reason has been Reported to the admin.

To post this comment you must

Log In/Connect with:

Fill in your details:

Will be displayed

Will not be displayed

Share this Comment:

Uh-oh this is an exclusive story available for selected readers only..

Worry not. You’re just a step away.

Prime Account Detected!

It seems like you're already an ETPrime member with

Login using your ET Prime credentials to enjoy all member benefits

Log out of your current logged-in account and log in again using your ET Prime credentials to enjoy all member benefits.

To read full story, subscribe to ET Prime

₹34 per week

Billed annually at ₹2499 ₹1749

Super Saver Sale - Flat 30% Off

On ET Prime Membership

Unlock this story and enjoy all members-only benefits.

Offer Exclusively For You

Save up to Rs. 700/-

ON ET PRIME MEMBERSHIP

Get 1 Year Free

With 1 and 2-Year ET prime membership

Get Flat 40% Off

Then ₹ 1749 for 1 year

ET Prime at ₹ 49 for 1 month

Stay Ahead in the New Financial Year

Get flat 20% off on ETPrime

90 Days Prime access worth Rs999 unlocked for you

Exclusive Economic Times Stories, Editorials & Expert opinion across 20+ sectors

Stock analysis. Market Research. Industry Trends on 4000+ Stocks

​Get 1 Year Complimentary Subscription of TOI+ worth Rs.799/-​

Stories you might be interested in

Write it Well

Sample Letter To Bank For Fixed Deposit Placement

• By: Ray Martins
• Date: December 17, 2021
• Time to read: 2 min.

If you have some extra cash that you want to save, there are various ways that you can use to save your money. However, one of the best ways to save the extra money you have is by opening a fixed account with your local bank and depositing the money to the fixed account. If you got to your local bank and request that you want to open a fixed account, you could be asked to write a letter. In some cases, you can request for the sample of the letter from the bank. However, if you can’t get a sample, below is an example of a letter to bank for fixed deposit placement.

Sample letter of Fixed Deposit Account Placement

The Bank Manager

Name of Bank

Address and phone number of bank

Re: Application For A Fixed Deposit Account Placement

I have a current account in your bank for the last six years. The current account number is 5623157911487. I have been satisfied with the services offered by your branch and I intend to open a fixed deposit bank account with your bank where I will deposit a total sum of $ 15,000 for a period of two years. I have plans to expand my business in the next two years and thus hope to earn some interest from that money and use it in my business expansion project once two years lapse.

I would appreciate if you can process my request at your earliest convenience. I will be happy to meet all requirements. I have attached all the required documentation in this letter. In case you need anything else or you have any questions about my request, do not hesitate to call me at 784-78587-4587.

 I remain looking forward to a positive reply from you.

Kind Regards,

Emma Struthers.  

Email format Fixed Deposit Account Placement Letter

Dear Manager

It is my hope that this email finds you fine.

I am writing this email to request that you open a fixed account for me with your esteemed bank. I currently hold a current account with your bank for the last ten years. I have reviewed different fixed accounts offered by various banks and I have found that your fixed account would serve me best.

I have attached all the required documentation in this email and I hope that my request will be processed soon.

I look forward to a positive reply from you.

Joyce Janet.

Previous Post

New Patient Welcome Letter

Letter of recommendation for nursing school.

Related Posts

Sample Letter Of Apology For Stealing – 3 Samples

actions, you got to understand that what you did was totally wrong and unacceptable. Even if you might have thought that it was justified to steal at the time when you stole, state that you now regret stealing.

How To Write Field Trip Letter To Parents –  3 Samples.

theories and concepts that they study in the classroom. However, before the children can go for the field trip, the school has to obtain consent from the parents. Thus, the school has to write a letter to the parents or guardians requesting them to consent that their children take part in the field trip.

recommendation from people that know you. The letter of recommendation could be from your past or present employer, your lecturer, your colleague, or even a member of the community that knows you well

Application For Closure Of Fixed Deposit Account [3+SAMPLES].

Application For Closure Of Fixed Deposit Account [3+SAMPLES]

How to write a letter to close fixed deposit account .

• You may write your address (Optional)
• Start the letter with the bank's address and branch name.
• Write the salutation (Sir/Madam).
• Explain why the reason why you wish to Close your FD account. 
• Request that the balance be transferred to your bank account. 
• At the end of the letter, include your name, account number, and signature.
• Letter to Bank for CLOSING LOAN ACCOUNT.
• Application For Re-open Bank Account.
• Letter to Bank Manager to Change Account Type.

SAMPLE 1 : Application For Closure Of Fixed Deposit Account.

From, Your Address. To The Bank Manager Name of the Bank Bank address. Date : 24th January, 202#. Subject :-  Prayer for closure of Fixed Deposit Account. Dear Sir, I have a Fixed Deposit Account No. 4550-7477-2828 in the name of Shri. Mahesh Bhatt that matured on __________ . I am writing this application for closure of Fixed Deposit Account due to ( Mention your reason here). Therefore, I request you to close the Fixed Deposit and credit the fixed deposit amount to my saving/current account account No. (Account No) Enclosure: I am enclosing an FD Receipt/FD Bond/FD Advice as well as a KYC document with my application for Fixed deposit closure. Thank you. Yours Sincerely, Mahesh Bhatt Phone no.: Signature : ________.

  MUST READ| Application for Closing Current Bank Account.

SAMPLE 2 : Letter to Bank for closing Fixed Deposit before the maturity.

To The Branch Manager State Bank of India Udal 24/ Street Mumbai - 56001. Date :  Subject: Closing of fixed deposit for money withdrawal. Dear Sir/Madame, I currently have one fixed deposit account with your bank for a sum of Rs. 70,000/- that is due to mature on 24 October, 202#. I hereby request that you close the aforementioned fixed deposit and credit the proceeds to my savings account number, (Account Number). My FD Account Details: Account Holder : Account Number :  Registered Email : I declare that I have read and understood your bank's terms and conditions for this reason. Yours Sincerely, Name :  Signature :  Necessary documents are attached.

ALSO READ| Application for Bank Loan.

SAMPLE 3 : Application For Closing Of Fixed Deposit Account.

FAQ on application for closure of Fixed Deposit account.

Q.1. how can i close my fixed deposit after maturity, q.2. how to write a letter to bank for fixed deposit.

Respected Sir, For the past Seven years, I've had a savings account at your Bank with the account number 4057-7547-0032. I'd like to open a 100,000 rupees fixed deposit with your bank for a period of one year. I would gladly comply with any other formalities imposed by the bank.

Q.3. Can I withdraw my FD at any time?

You may like these posts

Post a comment.

Made with Love by

• Privacy Policy
• Terms and Conditions

Contact form

• Learn English
• Universities
• Practice Tests
• Study Abroad
• Knowledge Centre
• Ask Experts
• Study Abroad Consultants
• Post Content
• General Topics
• Articles/Knowledge Sharing
• Sample Letters and Letter Formats

Sample Letter for Premature Withdrawal of Fixed Deposit

The customers of the banks open Fixed Deposit Accounts in the same branches where they have Savings Accounts. However, due to the emergency, the customers may have to close the Fixed Deposit Account before maturity. The present article provides a sample letter for premature withdrawal of Fixed Deposit.

Sub: Request to prematurely close Fixed Deposit Account. Date: {Put the date here} From The customer (Name as per the bank record) Address {As per the bank record} To The Branch Manager XYZ Bank ABC Street New Delhi – 11000* Dear Sir/ Madam, I (name of the customer) hold the Savings Bank Account No. (indicate the Savings Bank Account No.) in your Branch. I would further like to state that I also opened a Fixed Deposit Account (indicate the Fixed Deposit Account No.) on (the date on which the Fixed Deposit was opened) depositing an amount of Rs. (put the principal amount). The tenure of the Fixed Deposit was (the tenure) years. However, I urgently need the money for some personal purpose. So you are requested to close my aforesaid Fixed Deposit account prematurely and transfer the entire amount (principal + accumulated interest) to my Savings Bank Account (Savings Account No.) maintained in your branch. Hoping for you to comply my request at the earliest. With regards. Yours sincerely, {Signature of the Customer} {Name of the Customer}

More Sample Letter

Sample letter to bank to close sb account sample letter to bank to merge one account to another sample letter to bank to close account and transfer fund to another account sample letter to bank for demat account opening.

Related Articles

Fixed deposits – a contra approach 2011, nri fixed deposit and its various aspects, smart things to know before investment in fixed deposits, fixed deposits – a risk free investment scheme, latest fixed deposit and bank deposit schemes for safeguarding investment portfolio, comparison of various e-fixed deposit schemes by sbi, do company fixed deposits make a safe investment, factors to consider while investing in corporate fixed deposits, banks with highest interest rates on fixed deposits in india, bank sample letter for premature withdrawal of fixed deposit.

More articles: Fixed Deposit

• Do not include your name, "with regards" etc in the comment. Write detailed comment, relevant to the topic.
• No HTML formatting and links to other web sites are allowed.
• This is a strictly moderated site. Absolutely no spam allowed.

Top Contributors

• DR.N.V. Sriniva... (15)
• Neeru Bhatt (9)
• Jagdish Patro (9)
• DR.N.V. Sriniva... (182)
• Umesh (169)
• Venkiteswaran (157)

About IndiaStudyChannel.com

Being the most popular educational website in India, we believe in providing quality content to our readers. If you have any questions or concerns regarding any content published here, feel free to contact us using the Contact link below.

• Admissions Consulting
• Adsense Revenue
• Become an Editor
• Membership Levels
• Winners & Awards
• Guest Posting
• Help Topics

STUDY ABROAD

• Study in Foreign Universities
• Study in Germany
• Study in Italy
• Study in Ireland
• Study in France
• Study in Australia
• Study in New Zealand
• Indian Universities
• Nursing in Mangalapuram
• BDS in Mangalore
• MBA in Bangalore
• Nursing admissions in Mangalore
• Distance MBA
• B Pharm in Mangalore
• MBBS in Mangalore
• BBA in Mangalore
• MBA Digital Marketing
• Privacy Policy
• Terms of Use

Promoted by: SpiderWorks Technologies, Kochi - India. ©

• Letter Writing
• Formal Letter Writing In English
• Application for Closing Bank Account

Application for Closing Bank Account - Letter Format with Sample Letters

Do you have a bank account that is not used or an account that you are not able to maintain? This article will give you the reasons why you should close your bank account. Sample account closing letters are also given for your better understanding.

Table of Letters

Why close a bank account, format of an account closing letter, sample 1 – current account closing letter, sample 2 – letter to bank manager for closing account, sample 3 – bank account closing letter.

• FAQs on Bank Account Closing Letter Format

The reasons to close a bank account can vary from person to person. Most common reasons include no proper response or service, fees being charged unnecessarily, c online services, etc. It can also be because you cannot maintain the account, need the money or simply that you would like to start a fresh account.

Sometimes, it happens otherwise too. The bank closes your account because your account remained inactive for a very long period of time, you have had zero balance over a period of time, you have too many bounced checks or overdrafts, you have been subjected to identity theft, etc.

How to Write a Letter to Close a Bank Account?

Every time you wish to open or close a bank account, you would be required to write a letter to the bank manager stating the reasons for the same. To help you with it, here are some sample letters.

The Branch Manager

Name of the Bank

Bank Address

Sir/ Ma’am,

Body of the letter

Thanking you

Yours faithfully,

Signature of the Account Holder

Name of the Account Holder

The Manager

South Indian Bank

Coimbatore- 641022

Subject: Request for closing current account

I am Sneha, and I hold a Current Account in your bank. I have not been able to maintain the account for a few months now due to some personal reasons, and so I would like to close the account. I am enclosing the account passbook along with this letter. Kindly do the needful and initiate the closing process as soon as possible.

Thanking you.

State Bank of India

Chennai – 600054

Subject: Request to close account

I hold an account with the account number 0305000002356032 at your bank. I have been transferred to Bangalore, and so I will have to close the account as I would not be able to access the account. Kindly clear all the transactions with this account and transfer the balance to another account (Account number: 0201000023642365 IFSC Code: SBIL0000201).

Thank you in advance.

Yours sincerely,

Thara Sudhan

Union Bank of India

Koramangala Branch

Bangalore – 600023.

25 th March, 2021

Subject: Closure of savings account

I am Rudhra, and I have a savings account with the account number 2312000023564932 at your branch. I am moving to Chennai for personal reasons, and so I would like to close my savings account and withdraw the amount. I request you to kindly do the needful and close my account at the earliest as I will be leaving next week.

I am enclosing herewith the bank passbook, the identification and address proof for your reference.

Rudhaprasad

Frequently Asked Questions on Bank Account Closing Letter Format

How do i write a letter to close my bank account.

You have to address the letter to the branch manager of the respective bank. Start with the correct address of the bank, subject, salutation, body of the letter stating the reason for the closure of the bank account, complimentary closing, signature and name. Make sure you provide the exact account number and other details necessary accurately.

How can I close my bank account permanently?

To close your bank account permanently, you have to visit the bank and enquire about the process of closing a bank account and then write a letter to the branch manager by providing the reasons for closing the account. Also, provide the required documents for proof and verification.

Leave a Comment Cancel reply

Your Mobile number and Email id will not be published. Required fields are marked *

Request OTP on Voice Call

Post My Comment

• Share Share

Register with BYJU'S & Download Free PDFs

Register with byju's & watch live videos.

Home » Letters » Bank Letters » Application for Closing Overdraft Account – Overdraft Facility Closure Letter in Bank

Application for Closing Overdraft Account – Overdraft Facility Closure Letter in Bank

Table of Contents:

• Sample Letter

Live Editing Assistance

How to use live assistant, additional template options, download options, share via email, share via whatsapp, copy to clipboard, print letter, sample letter for closing overdraft account.

To, The Branch Manager, ____________ (Name of the bank) ____________ (Branch Address)

Date: __/__/____

Subject- Closure of the overdraft account (OD account number)

Respected sir,

I, ____________(Name) holding a ____________ (Overdraft) account in your branch. I am writing this letter to request you to close my ____________ (Over draft) account bearing account number ____________ (Account number). The reason for closure is due to ___________ (reason for account closure).

Details of the account are mentioned below: OD Account number: ____________ Name of the Branch: ____________

I hereby also authorize you to debit charges related to OD account as per bank norms.

As per bank requirement, I am enclosing ___________ (Account closure form, KYC, other documents if applicable) with the application.

Thanking you

Kind regards, ____________ (Name) ____________ (Address), ____________ (Contact Number)

Live Preview

The Live Assistant feature is represented by a real-time preview functionality. Here’s how to use it:

• Start Typing: Enter your letter content in the "Letter Input" textarea.
• Live Preview: As you type, the content of your letter will be displayed in the "Live Preview" section below the textarea. This feature converts newline characters in the textarea into <br> tags in HTML for better readability.

The letter writing editor allows you to start with predefined templates for drafting your letters:

• Choose a Template: Click one of the template buttons ("Start with Sample Template 1", "Start with Sample Template 2", or "Start with Sample Template 3").
• Auto-Fill Textarea: The chosen template's content will automatically fill the textarea, which you can then modify or use as is.

Click the "Download Letter" button after composing your letter. This triggers a download of a file containing the content of your letter.

Click the "Share via Email" button after composing your letter. Your default email client will open a new message window with the subject "Sharing My Draft Letter" and the content of your letter in the body.

Click the "Share via WhatsApp" button after you've composed your letter. Your default browser will open a new tab prompting you to send the letter as a message to a contact on WhatsApp.

If you want to copy the text of your letter to the clipboard:

• Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
• Paste Anywhere: You can then paste the copied text anywhere you need, such as into another application or document.

For printing the letter directly from the browser:

• Print Letter: Click the "Print Letter" button after composing your letter.
• Print Preview: A new browser window will open showing your letter formatted for printing.
• Print: Use the print dialog in the browser to complete printing.
• An overdraft account closure letter is a formal request to the bank to close the overdraft facility associated with a customer's account.
• Reasons for closing an overdraft account can vary, including changes in financial circumstances, dissatisfaction with the service, or the need to reduce financial liabilities.
• Enclosures typically include an account closure form, Know Your Customer (KYC) documents, and any other forms required by the bank.
• Yes, the account holder may authorize the bank to debit any charges related to the overdraft account closure as per the bank's norms.
• The letter should be addressed to the branch manager of the bank where the overdraft account is held, ensuring it reaches the appropriate authority for processing.

Incoming Search Terms:

• OD account closing letter sample format
• sample request letter to overdraft account
• request letter format for cancellation of overdraft facility

By lettersdadmin

Related post, loan application letter | sample application letter to bank manager for loan, complaint letter to bank for amount deduction as processing charge – sample complaint letter regarding unexplained deduction from bank account, letter to bank for non-payment of loan – sample explanation letter for delay in loan payment, leave a reply cancel reply.

You must be logged in to post a comment.

Letter to employees encouraging them to get vaccinated – Sample letter to encourage employees to get vaccinated

Congratulations letter to colleague on promotion – tanishq, food diet chart request letter – sample letter requesting food diet chart, letter to embassy for visa refusal, privacy overview.