Fixed Deposit Closing Letter Sample before/after Maturity

A Fixed Deposit (FD) closing letter is a document that is used to close a fixed deposit account before or after its maturity date. It is a formal request made by the depositor to the bank or financial institution to withdraw their funds and close the account. A sample of a fixed deposit closing letter before maturity may include a request to prematurely withdraw the funds, along with any applicable penalties or charges.
A sample of a fixed deposit closing letter after maturity may include a request for the bank to disburse the maturity amount and close the account. It is important to ensure that all necessary information, such as account details and identification, is included in the letter to avoid any delays in processing the request.
TEMPLATE
Date: _________
From
(insert Name of the Account/ FD holder)
(insert Address insert Phone Number)
To
The Branch Manager
(insert Name of the Bank)
(insert Name of the Branch)
(insert Address)
Sub.: Surrender of fixed deposit for withdrawal of money
Dear Sir/Madam,
I am writing to inform you that I have a savings account with your bank bearing the number [insert account number] at [insert branch name] branch. I currently have one fixed deposit with your bank bearing number [insert FD number] for a sum of [insert amount], which is maturing on [insert maturity date].
I hereby submit my request to you to kindly close the said fixed deposit and credit the proceeds to my savings account number [insert account number].
I declare that I have read and understood the terms and conditions of your bank for this purpose on fixed deposits and I agree to abide by the same.
I am enclosing herewith the original copy of the fixed deposit receipt. A copy of my PAN card self-attested by me is also enclosed herewith for verification purposes.
Kindly process my application at the earliest.
Thanking you, Yours faithfully,
(insert signature)
(insert Name of the Account/ FD holder)
Enclosure:
(1) Original FD receipt
(2) PAN card signed copy
Read More: Application for Discharge Certificate Sample