When writing a request letter to the bank for changing the account for EMI payments, it's essential to maintain a polite and clear tone. Clearly state your loan account details, the current account from which EMIs are deducted, and the new account where you want the EMIs to be deducted. Provide a valid reason for the account change and express willingness to complete any required formalities.
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 Letter to Bank for EMI Account Change
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Request for change of EMI Payment account
Respected Sir/ Madam,
This is to most humbly inform you that I have been maintaining a loan in your bank bearing loan account number _______ (mention loan account number).
Through this letter, I would like to inform you that the mentioned loan was taken on __/__/____ (Date) amounting ________ (amount) for _______ (mention type of loan). At present, my loan account EMI is getting deducted from ___________ (account number). I am writing this letter to request you for changing the repayment account to __________ (mention account number). The reason behind the same is _______ (mention reason).
Please note that there is a sufficient balance available in my new bank account and thee won’t be any problem deducting future EMI from the said bank account. I shall be highly obliged if you could guide me through the procedure for the same. I am ready to proceed with any required formalities. You may contact me at _________ (mention contact number).
Thanking you,
_________ (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.
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.
- Auto-Fill Textarea: The chosen template’s content will automatically fill the textarea.
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 with the subject "Sharing My Draft Letter".
Share via WhatsApp
Click the "Share via WhatsApp" button to send the letter as a message to a contact on WhatsApp.
Copy to Clipboard
Click the "Copy to Clipboard" button after composing your letter. You can paste the copied text anywhere you need.
Print Letter
Click the "Print Letter" button after composing your letter to print it directly from the browser.
FAQs
- Can I request a change in my EMI payment account without a valid reason?
- It's advisable to provide a valid reason for the account change, such as closure of the current account or better services offered by the new bank.
- How long does it take for the bank to process the request for changing the EMI account?
- Processing times may vary depending on the bank's internal procedures, but it's generally advised to follow up with the bank if there's no response within a reasonable timeframe.
- Is it necessary to inform the bank if I change my contact number during the EMI payment account change process?
- Yes, it's essential to update the bank with any changes in contact information to ensure smooth communication regarding your account.
- Will there be any charges associated with changing the EMI payment account?
- Banks may have different policies regarding charges for account changes. It's recommended to inquire about any associated fees with the bank directly.
- What documents do I need to submit along with the request letter for changing the EMI payment account?
- Typically, the bank may require identification documents and proof of address for the new account. It's best to inquire with the bank about the specific documentation needed for the process.
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