Application for Closure of Fixed Deposit (FD) Account – Sample Application for Fixed Deposit Withdrawal After Maturity

Application for Closure of Fixed Deposit (FD) Account – Sample Application for Fixed Deposit Withdrawal After Maturity

When writing an effective letter for closing a Fixed Deposit (FD) account after maturity, clarity and politeness are essential. Start with a clear subject line indicating the purpose of the letter. Include important details such as the FD number, account holder's name, and date of maturity. Clearly state the reason for closing the FD and provide instructions on how the maturity amount should be credited. Attach any necessary documents like the FD receipt and KYC documents. Remember to thank the recipient for their assistance and sign the letter appropriately.

Table of Contents:

Request for Closure of Fixed Deposit (FD) Account

To,
The Branch Manager,
_______ (Bank Name)
_______ (Branch)
_______ ( Branch Address)

Date: __/__/____

Subject: Closure of FD No. _______ (Fixed Deposit Number which you want to close) on Maturity

Sir/Madam,

I am holding a Fixed Deposit A/C No. _______ (FD Number) in the name of _______ (Name) which got matured on ______ (date of maturity). I am writing this letter to break my FD due to ____________ (reason for breaking fixed deposit and proceeding with FD withdrawal).

I request you to kindly close the FD and credit the fixed deposit amount in my _______ (type of account) account No. _______ (Account Number). I am hereby enclosing FD Receipt/ FD Bond / FD Advice and KYC document with an application for fixed deposit closure.

Thanking You,

Signature: _______
Name: _______
Contact: _______

Note: While closing the FD, Bank may ask for FD BOND /Advice (If taken at the time of FD creation or in later stage). Bank may also ask for other supporting documents like KYC documents, account information in which you want to proceed with credit of the FD maturity amount/any other supporting documents. If you want to break your FD (Fixed deposit) after maturity please visit your Bank Branch with FD details or contact your Bank for more details.

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FAQs

  1. How do I write a letter to close my Fixed Deposit (FD) account after it matures?
    • Start with a clear subject line indicating the purpose of the letter.
    • Include important details like the FD number, account holder's name, and maturity date.
    • Clearly state the reason for closing the FD and provide instructions on how the maturity amount should be credited.
    • Attach necessary documents such as the FD receipt and KYC documents.
    • End the letter with a polite thank you and appropriate signature.
  2. What should I include in the subject line of the letter for closing my FD account after maturity?
    • The subject line should mention the closure of the FD account along with the FD number and maturity date.
  3. Is it necessary to enclose any documents with the letter for FD closure after maturity?
    • Yes, it is essential to attach documents like the FD receipt, FD bond, and KYC documents to facilitate the closure process.
  4. How should I address the recipient of the letter for closing my FD account after maturity?
    • Address the letter to the Branch Manager of the bank where the FD account is held.
  5. What should I do if I want to specify a particular account for crediting the maturity amount?
    • Clearly mention the account number and type where you want the maturity amount to be credited in the letter.

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