Letter for Requesting Automatic Fixed Deposit Renewal

Instruction to the Bank Manager Requesting Automatically Renew the Period of Fixed-Deposit

January 09, 2019

The Manager
Bank Name
Address

Sub: Auto-renewal of Term Deposit.

Dear Sir,

I have been maintaining a FDR with your branch since [insert date of opening e.g.: 01.06.2018], vide its no: [insert FDR number], amount [insert amount, e.g.: Tk. 60,00,000.00]. From the very beginning the tenure of the aforesaid FDR was [insert tenure, e.g.: 3 months]. Previously I had given you instruction [e.g.: twice] to renew it. However, as I don’t have any plan to invest the principal amount somewhere else in near future, I would like to give an auto-renewal instruction for the subject FDR.

In this circumstance, I would highly appreciate if you kindly renew the said FDR automatically soon after expiration of the stipulated term.

Thank you in advance for your anticipated co-operation.

Best regards,

Handwritten Signature
(Name of Client)
Contact No: [insert number]

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Sample Request Letter for FDR Renewal

Letter to Bank Manager Requesting to Renew the Fixed Deposit Account

January 06, 2018

The Manager
Bank Name
Branch Name
Address

Sub: Renewal of Term Deposit No: [insert FDR number] of amounting [insert FDR principal amount].

Dear Sir,

I have opened the FDR at your esteemed bank on [insert date] for a tenure of [insert period, i.e. three months]. Accordingly, the subject FDR has been matured on [insert date] and the accrued interest has been duly transferred into my designated savings account. Since you are offering a reasonable interest rate than the other banks, I would like to renew the FDR for another term.

Under the above circumstance, I would request you to renew my term deposit account for further ………….. Please also advise, should I need to perform any formalities in this connection.

Best regards,

Handwritten Signature
(Name of Client)
Contact No: [insert number]

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