Composing a request letter to a bank for decreasing the overdraft limit necessitates clarity and politeness. Start by addressing the branch manager respectfully and clearly stating the purpose of the letter. Provide essential details such as current overdraft limit, desired new limit, and reason for the decrease. Express gratitude and attach any necessary documents. Avoid unclear language and ensure all essential information is included for effective communication.
Sample Letter for Reducing Overdraft Limit
To,
The Branch Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date)
Subject: Request for reducing overdraft limit
Sir/ Madam,
With due respect, my name is _________ (Name) and I am availing an overdraft limit facility from your bank amounting to _________ (Amount) having loan account number is _______ (overdraft limit account number).
I am writing this letter to inform you that I want to reduce my overdraft limit from _________ (current limit) to ______ (new limit amount). The reason for decreasing the overdraft limit is ____________ (reason for reducing limit).
I request you to kindly increase my loan amount. As per requirements, I am hereby enclosing all relevant documents for your ready reference.
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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Sandeep Bhandari