If you have repaid your loan and clear all the dues but still EMI is getting deducted from your account, you can intimate the same to your bank by letter.

  • Sample intimation letter to bank for stop deducting EMI of loan which is already paid and no dues are remaining.

The Manager,
__________ (Bank Name),
__________ (Branch Address)

Date: __/__/____ (Date),

Subject: Request for stop EMI deduction

Respected Sir/ Madam,

Most respectfully, I write this letter to request you for stopping EMI deduction from my bank account __________ (Mention bank account)

This is to request you for stopping the deduction of EMI amount from my bank account as my loan has already been repaid completely on __/__/____ (Date) with all interests paid and no EMI is due against the loan but still my account is being deducted every month on __/__/____ (Date) amounting ______ (Amount).

I believe you would consider this as a genuine request and do the needful at the earliest. In case, any query arises, you may contact me at ________ (Date).

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

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