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:
0 Comments