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:
4 Comments
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