Sample letter of a formal request to the Bank Manager for withdrawal of 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 and requested for the same. Moreover, additional relevant information also has to be provided to the bank as and when the bank requites it. This is a simple request letter to a Bank Manager for withdrawal of fixed deposit after maturity. The article addresses the question of properly presenting the request to the concerned person.

To

The Bank Manager

Bank Name,

Branch Name

Address of Bank

Sub: Application for withdrawal of 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                       :

                              As the maturity date is near, I would formally request you to close the fixed deposit and transfer the fund along with the interest to the above mentioned savings account.

                             I would be very much happy to oblige any other formalities required by the bank. 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. Thanking you in anticipation.

                                                                                                 Yours faithfully,

                                                                                                   Your name

                                                                                                   Your address

Date:

Place: