Confirmation Letter for Deduction of Amount from Account

A confirmation letter for a bank deduction is a formal document that functions as evidence of a financial transaction. Typically, this letter is composed to verify the deduction of a specific sum of money from a bank account for a designated purpose, such as a loan repayment or a purchase. To create an effective and legally sound confirmation letter for a bank deduction, it is imperative to include all pertinent details and adhere to the correct format.

This article offers valuable guidance on crafting such a letter, outlining essential format to ensure that your confirmation letter effectively serves as proof of the transaction. By following these guidelines, you can confidently document and verify financial deductions, bolstering transparency and security in your financial dealings.

TEMPLATE

To,
__________ (Name)
__________ (Contact details)

Date: __/__/____ (date)

Subject: Confirmation of amount deduction

Dear Sir/Madam,

This letter is in reference to the payment made by you on date __/__/____(date). The amount of ________ (mention amount) has been deducted from your account to ___________ (mention purpose).

The transaction ID for the above-mentioned payment is _______ (mention ID). Kindly, acknowledge and confirm the deduction of the amount. If you have any questions or concerns regarding this matter, please do not hesitate to contact us at ________ (contact details).

Regards,
__________ (Name)
__________ (Designation),
__________ (Company Name),
__________ (Contact details)

Read more :- Letter to Municipal Corporation about Street Vendors