Request Letter for Closing CD (Certificate of Deposit) – Sample to Bank Letter Requesting Closure of Certificate of Deposit

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 Request Letter for Closing CD (Certificate of Deposit)

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

Date: __/__/____ (Date)

Subject: Request Letter for Closing CD (Certificate of Deposit)

Respected Sir/Madam,

My name is _________ (Name), and I hold a ___________ (Type of bank account – savings/current/other) in your branch, with the account number _________ (account number).

I am writing to request the closure of my Certificate of Deposit (CD) account. This CD account was initiated in _________ (time/year). The reason for this request is ______ (mention reason for closure).

Details of my Account for reference:

Certificate of Deposit Account Number: _________
Account Holder Name: _________
Invested Amount: _________
Tenure: _________
ROI: _________

I request you to kindly close my CD account at your earliest convenience. I shall be obliged.

Thanking you,
Regards,
_________ (Signature)
_________ (Your name),
_________ (Contact number)

Live Editing Assistance

Live Preview

How to Use Live Assistant

The Live Assistant feature is represented by a real-time preview functionality. Here’s how to use it:

• Start Typing: Enter your letter content in the "Letter Input" textarea.
• Live Preview: As you type, the content of your letter will be displayed in the "Live Preview" section below the textarea. This feature converts newline characters in the textarea into <br> tags in HTML for better readability.

Additional Template Options

The letter writing editor allows you to start with predefined templates for drafting your letters:

• Choose a Template: Click one of the template buttons ("Start with Sample Template 1", "Start with Sample Template 2", or "Start with Sample Template 3").
• Auto-Fill Textarea: The chosen template's content will automatically fill the textarea, which you can then modify or use as is.

Download Options

Click the "Download Letter" button after composing your letter. This triggers a download of a file containing the content of your letter.

Share via Email

Click the "Share via Email" button after composing your letter. Your default email client will open a new message window with the subject "Sharing My Draft Letter" and the content of your letter in the body.

Share via WhatsApp

Click the "Share via WhatsApp" button after you've composed your letter. Your default browser will open a new tab prompting you to send the letter as a message to a contact on WhatsApp.

Copy to Clipboard

If you want to copy the text of your letter to the clipboard:

• Copy to Clipboard: Click the "Copy to Clipboard" button after composing your letter.
• Paste Anywhere: You can then paste the copied text anywhere you need, such as into another application or document.

Print Letter

For printing the letter directly from the browser:

• Print Letter: Click the "Print Letter" button after composing your letter.
• Print Preview: A new browser window will open showing your letter formatted for printing.
• Print: Use the print dialog in the browser to complete printing.

FAQs

• What is a Certificate of Deposit (CD) account?
  • A CD account is a fixed-term deposit offered by banks with a predetermined interest rate.
• Can I close my CD account before its maturity date?
  • Yes, CD accounts can be closed before maturity, but early withdrawal may result in penalties or loss of interest.
• What documents are typically required to close a CD account?
  • Generally, identification documents and a signed request letter are required to close a CD account.
• Will there be any charges associated with closing a CD account?
  • Banks may impose early withdrawal penalties or administrative fees for closing a CD account before its maturity date.
• How long does it take to process the closure of a CD account?
  • The processing time for closing a CD account may vary depending on the bank's policies, but it is typically completed within a few business days.