Sample letter of clarification from the Bank Manager for delay of the amount due on a fixed deposit after maturity

Fixed deposits are a very popular means of investment as they assure a guaranteed return from the investment. As the name suggests, it has to be invested for a fixed period of time but the duration of maturity can be different. A fixed deposit of shorter duration may have lower interest rate and vice-versa. So, a thorough study has to be done before locking in for a particular fixed deposit. One can break a regular fixed deposit before maturity but after paying a specified penalty or can withdraw the amount after completion of the maturity period. In both the scenario, the concerned bank has to be notified after transfer of the amount to a savings bank account or other account after maturity. In the event that the amount due after maturity is withhold or delayed to be transferred, a letter of clarification has to be communicated to the Bank Manager for reason of the above mentioned. This is a simple request letter to a Bank Manager for reason of delay of the amount due on a fixed deposit after maturity. The article addresses the question of properly presenting the request to the concerned person. It may be modified according to need and situation.

To

The Bank Manager

Bank Name,

Branch Name

Address of Bank

Sub: Reason for delay of the amount due on a fixed deposit after maturity 

Dear Sir/Madam,

                              I hold a savings account in your [Bank name, Branch name] since last 10 years. The account number is [Savings Account Number]. I had opened a fixed deposit in your bank on [Date] for a period of 5 years. The details of the FD are given below:

Receipt no                   :

Date of maturity          :

Amount                       :

                              On [Date], I had written a letter to you to close the fixed deposit and transfer the fund along with the interest to the above mentioned savings account after the maturity date. It has been more than a month since, yet the fund has not yet been transferred to my savings account. This has been a source of worry for me as I am in urgent need of fund.

                               Please issue a letter of clarification regarding the delay of the amount due on the fixed deposit after maturity from your end at the earliest. In case, the bank requires any other clarification, I can be contacted at [mobile number] or by email [email address].

                              This is for your kind information and necessary action. 

                                                                                                Yours faithfully,

                                                                                                 Your name

                                                                                                 Your address

Date:

Place: