When writing a request letter to a bank for the reversal of minimum balance charges, it's essential to maintain clarity and politeness. Begin with addressing the bank and the date. Provide your name, account details, and a brief explanation for failing to maintain the minimum balance. Mention the penalty charged and express genuine reasons for the shortfall. Politely request the reversal of the charges and express gratitude for their consideration.
Sample Letter for reversal of minimum balance charges
To,
The Bank,
__________ (Bank Name),
__________ (Address)
Date: __/__/____ (Date)
Subject: Request for reversal of minimum balance charges
Respected Sir/ Madam,
I would most respectfully like to inform you that I am _______ (Your Name) a _________ (savings/ current – type of bank account) account in your branch for the last _________ (Duration) bearing account number __________ (Account Number).
I beg to state that my account is under _________ (scheme name) and for which the required minimum balance is _______ (minimum balance) which was being maintained for ________ (months/ years) but due to _________ (financial issue/ funds requirement – Mention your reason), I failed to maintain a minimum bank account for this _________ (month/quarter/financial year) due to which my account was debited with ________ (amount) as a penalty for non-maintenance of minimum balance.
Due to genuine reasons, I failed to maintain the amount, and therefore, I request you to kindly look into the matter and help in this regard. I shall be highly obliged for your kind support.
Thanking You,
Yours Truly,
__________ (Signature)
__________ (Name),
__________ (Contact Number)
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Sandeep Bhandari