Application to Bank for Freezing Current Bank Account

Table of Contents:

• Sample Letter
• Live Editing Assistance
• How to Use Live Assistant
• Additional Template Options
• Download Options
• Share via Email
• Share via WhatsApp
• Copy to Clipboard
• Print Letter
• FAQs

Request Letter for Freezing Current Bank Account

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

Date: __/__/____(Date)

Subject: Application to freeze current account no. _______ (account number)

Sir/Madam,

We are holding an current account in the name of ____________ (Company/Firm Name) in your branch having account number ________(Account Number). We hereby reuest you to ________ (debit/credit/total) freeze our current account due to ________ (reason for account freeze) reason.

We are enclosing ______ (account freeze request form, customer request form, KYC documents, and all other relevant documents) along with the application for account freeze.

Thanking You

Yours truly,

For _____________ (Company Name)

______________ (Authorized Signatory)

Note: For Bank account freeze, Bank may ask for additional documents like Request on Company letterhead, KYC, ID / Address proof,Bank customer request form (CRF) along with the request letter. For account freeze please contact your Bank Branch.

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FAQs

1. What documents are typically required to freeze a company's current bank account?
   • Banks may request documents such as a request on company letterhead, KYC documents, ID/address proof, and a bank customer request form (CRF) along with the request letter.
2. Is it necessary to have an authorized signatory sign the account freeze request letter?
   • Yes, it's essential for the account freeze request letter to be signed by an authorized signatory of the company to ensure its validity.
3. Can a bank freeze a current account for any reason?
   • Banks typically freeze accounts in cases of suspected fraudulent activity, legal disputes, or upon the customer's request, supported by a valid reason.
4. How long does it take for a bank to process a request to freeze a current account?
   • The processing time may vary depending on the bank's procedures and workload. It's advisable to inquire about the expected timeline when submitting the request.
5. Can I unfreeze my current account once it has been frozen?
   • Yes, once the reason for the account freeze has been addressed or resolved, you can request the bank to unfreeze your current account.

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