When drafting a letter to request the renewal of an overdraft facility, it's essential to maintain a polite and clear tone while providing all necessary details related to the account and the renewal process. Clearly state the purpose of the letter, specify the account details, express gratitude, and politely request guidance on the renewal procedure.
Sample Request Letter for Renewal of Overdraft Facility
To,
The Manager,
_______ (Bank Name)
_______ (Branch name)
_______ (Address of the Bank)
Date: ___/___/____
Subject: Request for renewal of Overdraft facility
Dear Sir/Madam,
This letter is in reference to the Overdraft facility bearing account number _________ (Overdraft account number).
Respected, I am availing an OD (Overdraft) account in your bank ________ (branch name) amounting to ________ (overdraft amount) and I have been using the OD account for the last _____( months/years/tenure). As per the terms, I am paying the interest on time and would like to renew my Overdraft account with the revised fees and interest rate with account details mentioned below:
Overdraft Account Name:________
Customer ID:________
Overdraft Account Number:________
Registered Mobile number:________
In this regard, I request you to kindly guide me with the procedure and do the needful at the earliest. Looking forward to hearing from you regarding my request.
Yours Faithfully,
_______ (Signature)
_______ (Your name)
_______ (Account number)
_______ (Contact number)
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Sandeep Bhandari