Monday, January 9, 2017

Sample Letter for Premature Encashment of Fixed Deposit


Sample Tender Submission Letter

Formal Request to the Bank Manager for Early Withdrawal or Breaking of FDR

January 9, 2017

The Manager
Name of Bank
Name of Branch
Address

Sub: Premature Encashment of Fixed Deposit No: [insert number].

Dear Sir,

I have been maintaining the above Fixed Deposit (FDR) with your reputed bank since [inert year]. As per records the said FDR shall mature on [insert date]. However, due to urgent need of fund I would like to request you to kindly allow me a premature withdrawal of the FDR amount.

I shall abide by all formalities and discharge all terms and conditions in relation to the premature FDR encashment. The details of the subject FDR is appended below for your ready reference:

Sl. FRD Number Date of Issuance Date of Maturity Amount
01 [insert FDR number] [insert date] [insert date] [insert FDR amount]

Under the above circumstance, I would highly appreciate if you kindly grant my request and arrange me the FDR amount along with applicable rate of interest. If granted, please transfer the amount to my savings account no: [insert number] with your branch.

Thank you in advance for your kind consideration.

Yours faithfully,

Handwritten Signature
(Name of Applicant)
Account No: [insert]

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