When writing a request letter to a bank for payment of the third installment, it's crucial to maintain clarity and politeness. Clearly state your personal details, loan account number, and the issue regarding the installment. Politely request the bank to deduct the pending installment from your account to avoid any penalties. Express gratitude for their cooperation.
Sample Letter for deduction of the third installment
To,
The Manager,
__________ (Bank Name),
__________ (Branch Address)
Date: __/__/____ (Date),
Subject: Requesting deduction of the third installment
Dear Sir/ Madam,
This is to most humbly inform you that my name is _________ (Name) and I do hold a loan from your branch ________ (type of loan) bearing loan account number _________ (Account Number).
Respected, the mentioned loan was taken on __/__/____ (Date) and the installment deducts on __ (Date) of every month amounting (Installment Amount). But to the best of my knowledge, only two installments have been deducted from my bank account _________ (account number). The third installment was due on __/__/____ (Date) but has not yet been deducted from my account.
I ensure you that there is a sufficient balance available in my bank account. I request you kindly deduct the third installment from my bank account in order to prevent any possible penalties. I shall be highly thankful.
Thanking you,
_________ (Signature)
_________ (Your name),
_________ (Contact number)
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Deepanshu Thakral