Sample Letter for Premature Withdrawal of Fixed Deposit

The customers of the banks open Fixed Deposit Accounts in the same branches where they have Savings Accounts. However, due to the emergency, the customers may have to close the Fixed Deposit Account before maturity. The present article provides a sample letter for premature withdrawal of Fixed Deposit.

Generally the customers of a bank open the Fixed Deposits in those branches where they have savings account. Fixed Deposits are of fixed tenure. A lump-sum amount is deposited in the Fixed Deposit Account and after the completion of pre-defined tenure, the principal amount along with the interest accrued thereon is returned by the bank to the customer who earlier opened the Fixed Deposit Account. The final amount is generally deposited in the customer's Savings Account. However, during some emergency, a customer may require funds urgently. So he/she may apply to the bank for the fixed deposit withdrawal before maturity. Following is a letter for premature withdrawal of fixed deposit.

Sample Letter for Premature Withdrawal of Fixed Deposit

Sub: Request to prematurely close Fixed Deposit Account.

Date: {Put the date here}

The customer (Name as per the bank record)
Address {As per the bank record}

The Branch Manager
XYZ Bank
ABC Street
New Delhi – 11000*

Dear Sir/ Madam,

I (name of the customer) hold the Savings Bank Account No. (indicate the Savings Bank Account No.) in your Branch. I would further like to state that I also opened a Fixed Deposit Account (indicate the Fixed Deposit Account No.) on (the date on which the Fixed Deposit was opened) depositing an amount of Rs. (put the principal amount). The tenure of the Fixed Deposit was (the tenure) years.

However, I urgently need the money for some personal purpose. So you are requested to close my aforesaid Fixed Deposit account prematurely and transfer the entire amount (principal + accumulated interest) to my Savings Bank Account (Savings Account No.) maintained in your branch.

Hoping for you to comply my request at the earliest.

With regards.

Yours sincerely,
{Signature of the Customer}
{Name of the Customer}

Concluding comments

The letter to be drafted in this particular situation is more or less simple. It is expected that the sample letter would serve the purpose of the customers who want to prematurely close their Fixed Deposit Accounts.

More Sample Letter

  1. Sample letter to bank to close SB account

  2. Sample letter to bank to merge one account to another

  3. Sample letter to bank to close account and transfer fund to another account

  4. Sample letter to bank for demat account opening

Article by Partha K.
“Those who will not reason, are bigots, those who cannot, are fools, and those who dare not, are slaves.” - George Gordon Byron

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