Writing a letter to a bank for closing a gold loan requires clarity, politeness, and completeness. Start by addressing the letter to the branch manager, stating your name and gold loan account number. Clearly request the closure of the account and the return of the deposited gold, providing necessary details such as the loan amount and tenor. Enclose any required documents and express willingness to authorize the bank to debit any applicable charges. End the letter with gratitude and contact information. Avoid ambiguity and ensure all essential information is included for a successful request.
Sample Letter for Closure of the gold loan account
To,
The Branch Manager,
____________ (Loan Department),
____________ (Name of the Bank),
____________ (Branch Address)
Date: __/__/____ (Date),
Subject- Closure of the gold loan account
Respected Sir/Madam,
I would like to state that my name is ___________(Name) and I hold a gold loan account in your bank bearing account number ______________ (Account Number).
I am writing this letter to request you to kindly close my gold loan account bearing account number ____________ (Loan Account no.). I would like to state that I have repaid all money and therefore request you to kindly return the gold I deposited.
Details of the account are mentioned below:
Loan Account holder/s name: ____________
Loan Account number: ____________
Loan Amount: ____________
Loan Tenor: ____________
As per bank requirements, I am enclosing ___________ (Gold Loan account closure form, KYC, other documents – if applicable) along with this application.
I have already paid _________ (completed the tenure/All EMI Paid /Full Amount Paid). I hereby authorize the bank to debit any charges from my account (if applicable).
Thanking you,
Kind regards,
____________ (Signature)
____________ (Name)
____________ (Address),
____________ (Contact Number)
Note: Bank may ask for additional documents while closing gold loan account, for procedure and gold loan account closure, kindly contact you Bank.
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Sandeep Bhandari