Composing an effective letter to request a change in your current account scheme requires clarity and courtesy. Clearly state your name, account number, and current scheme details. Explain the reason for the scheme change and provide authorization to the bank on behalf of your company. Enclose necessary documents such as the scheme change form or KYC documents. Request prompt action and express gratitude.
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
Sample Application for Current Bank Account Scheme Change
To,
The Branch Manager,
_________________ (Bank Name),
_________________ (Branch),
_________________ ( Branch Address)
Date: __/__/____(Date)
Subject: Application to change account scheme for current account no. __________ (account number)
Respected Sir/Madam,
I would inform you that I/We hold a Current account with your branch having account number _____________ (Account number).
I would like to inform that, I am ____________ (Name), ______________ (Proprietor/Partner/Director/Authorized Signatory) of the account. I am writing this letter to you to request you kindly change my account scheme to ____________ (Scheme code). Current scheme code for our bank account is ___________ (Scheme Code). Reason being, _______________ (Minimum balance/ Services/ Benefits- Mention your reason).
I would like to state that we want to get it ______________ (Upgraded/Downgraded) as early as possible so that I can avail the benefits and advantages of the above-mentioned scheme. Also, I hereby give authorization on the behalf of the company to the bank to change the scheme for the bank account.
I shall be thankful. Kindly help me out by getting it done as soon as possible.
You may look at the enclosed __________ (Scheme Change Form/ KYC documents/ Customer request form/ any other required documents by the bank) along with this application.
Yours truly,
_________________ (Signature)
_________________ (Name),
_________________ (Account number),
_________________ (Branch Address),
_________________ (IFSC Code)
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FAQs
- Q: How can I request a change in the scheme for my current account?
- A: You can draft a letter addressed to the branch manager of your bank, clearly stating your account details, the current scheme, the desired scheme change, and the reason for the change. Enclose necessary documents as per the bank's requirements.
- Q: What documents should I enclose with my letter for a change in the current account scheme?
- A: Enclose documents such as the scheme change form, KYC documents, customer request form, and any other documents specified by the bank for processing your request.
- Q: Is it necessary to provide a reason for requesting a change in the current account scheme?
- A: While it's not mandatory, providing a reason for the scheme change can help the bank understand your requirements better and expedite the processing of your request.
- Q: How long does it typically take for the bank to process a request for a change in the account scheme?
- A: The processing time for a request to change the account scheme may vary depending on the bank's internal procedures. However, banks usually aim to process such requests promptly.
- Q: Can I authorize the bank to change the scheme for my current account on behalf of my company?
- A: Yes, you can authorize the bank to proceed with the necessary changes to your current account scheme on behalf of your company by including an authorization statement in your letter.
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Sandeep Bhandari