Dear sir / madam I hold a Savings Bank account with your branch and my SB A/c no. 14/1. Here Is Why Premature Withdrawal Of Fds Must Be Avoided` Fixed Deposits (FDs) are an investment product offered by banks and Non-Banking Financial Companies (NBFCs). If required by your issuer, you will also have to fill and attach a premature withdrawal request form with this letter. Guidelines for premature withdrawal of Fixed Deposit. The Interest rate applicable for premature closure will be lower of: Normally we do not allow premature withdrawals unless of course the depositor is in dire need of funds for reasons beyond his control. Smt.NEELU JAIN . To . Fixed Deposit Premature Withdrawal (With 31days’ Notice Period) 50% of the contracted interest rate is payable when a ‘Notice Period’ of 31 days (inclusive … The Branch Manager, State Bank of India, Khapoli Branch, Mumbai -420 214. A bank, on request from a depositor, shall allow withdrawal of a term deposit before completion of the period of the deposit agreed upon at the time of making deposit. Request for an Additional Savings / Non-Interest Bearing Account / Fixed Deposit Request for opening a Subsequent NRE/NRO Savings account; Request for opening a Subsequent NRE/NRO Non- Interest Bearing account; Request for Opening Fixed / Recurring Deposit with Premature withdrawal facility; NRO/ NRE FD Without Premature Facility - Application Form WHEN a fixed deposit, which has not matured, has to be withdrawn,then both the joint depositors should make a request to the bank to close the account. 1 crore, the applicable penalty is 1% for all tenures So he/she may apply to the bank for the fixed deposit withdrawal before maturity. When you write a letter to a bank manager regarding fixed deposit cancellation, you need to be formal. However, to undertake the same, the depositor will have to pay a penalty to the bank. However, during some emergency, a customer may require funds urgently. 1.3 If there is a confl ict between these Terms and the General Terms Partial withdrawal is not allowed for term deposits booked under preferential rates. is _____ (write here your SB a/c no.). Then this letter format will help you write a suitable letter to close your FD. The Bank on request from the depositor, will allow withdrawal of term deposit before completion of the period of the deposit as per terms agreed upon at the time of placing the deposit. ANIL JAIN, and . The application should state your FD account number and the savings bank account in which you want to retrieve the funds. Fixed Deposit Withdrawal Letter Format in: ... Click Here For:- Fixed Deposit Early Withdrawal . As per records the said FDR shall mature on [insert date]. We are in receipt of your letter dated _____, in which you have expressed the desire to withdraw the amount of your Fixed Deposit mentioned above prematurely as you are in urgent need of money. However, due to urgent need of fund I would like to request you to kindly allow me a premature withdrawal of the FDR amount. Fixed Deposit Account (Terms) 1 Introduction 1.1 These Terms become effective when you open a fi xed deposit account. From : 08.09.2014. Fixed Deposit Withdrawal Letter Format in: Banking Documents Samples Corporate Requirements Educational Materials HR Documentation Templates Sample Template Example of FD Early Withdrawal Before Maturity / Term Deposit Premature Payment Request Letter to Bank Branch Manager in India in word / .doc / .pdf Following is a letter for premature withdrawal of fixed deposit. More bank sample letters: Complaint letter on non-clearance of cheque and request letter on waiving off of bank charges. Sample Letter of Payment of Matured Fixed Deposit. Fixed deposit is where you have invested a lump-sum amount is a particular bank for a pre-decided period. If you still request for withdrawal, you might lose a major portion of the interest on it. Sub: Request for Premature Withdrawal of FD - Reg. Make your money work for you and let it grow. Premature Withdrawal of SBI Fixed Deposit For retail term or fixed deposits amount up to Rs. Mob : 9876543210.

NOTE：Please complete in block letters and mark with “x＂ where applicable Upon maturity of the above fixed deposit, deposit the principal and interest to A/C no.

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