Bank Account Opening Letter For Individuals & Companies

A “Request Letter to Bank for Opening a Current Account” is a formal letter written to a bank when an individual or organization wants to open a new current account with the bank. The letter serves as a formal request for the bank to open an account and should be written professionally and politely. The letter should include the name and contact information of the person or organization making the request and any relevant identification or documentation that the bank requires. This may include personal identification such as a government-issued ID, proof of address, and other relevant documentation such as a business registration certificate for a company.

The letter should also clearly state the purpose of the account, whether it is for personal use or business operation. It should also specify any specific requirements or preferences the account holder has, such as a desired account number or the need for online banking access. It is also important to mention any initial deposit the account holder plans to make.

The letter should be addressed to the appropriate person or department at the bank, such as the account opening department. It should be signed by the person or authorized organisation representative who is making the request. Including a self-addressed stamped envelope for the bank’s reply is also advisable.

In conclusion, a Request Letter to Bank for Opening a Current Account is an important document that should be written professionally. It should provide all the necessary information to the bank, including the purpose of the account, identification, and any specific requirements or preferences. By following these guidelines, the account holder can successfully open a current account with the bank.

TEMPLATE

(Letter by Individual / Sole Proprietor)

Date: _________

From:
(Name of the Applicant)
(Full Address)
(Contact No.)

To:
The Branch Manager
(Name of the Bank)
(Name of the Branch)
(Address)

Sub.: Application for opening of a current account.

Dear Sir/Madam,

I am writing to express my interest in opening a current account with your bank at (Name of the Branch). I am a resident of (Locality) and currently operate a (type of business) business under the name of (Name of the business). Our business has an annual turnover of around INR ___________to __________lakhs.

I have filled out and signed the necessary application forms, which I have enclosed with this letter. I have also requested for a cheque book and online banking facilities for the account. I am committed to maintaining a sufficient balance in the account to honor any cheques issued, in order to avoid any inconvenience to the bank or the parties involved. I am willing to comply with all the rules and regulations set by the bank for customers with a current account.

As proof of identification and address, I have enclosed copies of the relevant documents. I have also included an introductory letter from an existing customer of your bank.

I would appreciate it if you could approve my application for opening a current account with your bank.
Thank you for your time and consideration.

Sincerely,

(Signature)
(Name of the Applicant)
Encl.: As above

TEMPLATE

(Letter by a Company)

Date: ________

To:

The Branch Manager
(Bank’s Name)
(Branch’s Name)
(Address)

Sub.: Application for opening of a current account for the company.

Dear Sir/Madam,

I am writing on behalf of our company, (Company Name) Limited, to apply for the opening of a current account with your bank at (Branch’s Name) branch. Our Board of Directors has passed a resolution in their meeting held on (Date) to open the account for our company.

Enclosed with this letter, you will find the necessary documents for opening the current account, including

(1) A completed application form as prescribed by your bank,
(2) A certified copy of the board resolution for account opening,
(3) Specimen signatures of the authorized signatories,
(4) ID proofs of the authorized signatories, and
(5) Introductory letters from 2 existing customers of your bank.

We anticipate transactions amounting to INR per month and expect this amount to increase as our sales grow. We will make an initial deposit of INR when the account is opened.
We would greatly appreciate it if you could open the account as soon as possible and inform us of the confirmation. We are committed to abiding by all the rules governing the current account.

Thank you for your time and consideration.

Sincerely,

(Signature)
(Name of the Authorized Officer)
(Designation, Department)
Encl.: A/a

Read More: Application For New Passbook To The Bank Manager