When writing an application letter to downgrade a bank account, it's essential to maintain clarity, courtesy, and precision. Clearly state your name, account details, and the type of account you hold. Provide a valid reason for the downgrade and express your willingness to cooperate with the bank. Enclose any necessary documents with the application and provide contact details for further communication.
Sample Letter for Bank Account Downgrade
To,
The Manager,
_________ (Bank Name),
_________ (Address)
Date: __/__/_____ (Date)
Subject: Downgrading bank account _________ (Account number)
Respected Sir/ Madam,
Most courteously, my name is __________ (Name) and I do hold a ___________ (Savings/ Current – type of bank account) bank account in your branch bearing account number _________ (Account number).
Most humbly and respectfully, I would like to inform you that the above-mentioned account is opened under __________ (Scheme code). I would like to inform you that I am willing to get it downgraded as early as possible. The reason behind the same is _________ (Reason). I hereby authorize and give full consent to the bank to change the scheme of the mentioned bank.
I look forward to your kind and quick support. I am herewith enclosing __________ (account downgrade form, customer request form, KYC documents, and all other relevant documents) along with the application. In case of any queries, you may contact me at _______ (Contact number).
Thanking you,
________ (Signature),
________ (Name),
________ (Contact number)
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Sandeep Bhandari