Fixed Deposit Withdrawal Letter: Samples & How-To

Withdrawing a fixed deposit (FD) before its maturity date requires a formal request in the form of a letter. This document informs the bank of your intention, specifies the FD details, and provides instructions for how you’d like to receive the funds. A well-written letter ensures a smooth and efficient withdrawal process. Preparing a strong withdrawal request also helps minimize any potential penalties the financial institution might impose.

Writing a withdrawal letter can seem daunting, but it’s a straightforward process. This article provides clear and concise sample letters to guide you. These templates can be easily adapted to suit your specific circumstances. By understanding the essential components of a withdrawal letter, you can confidently communicate your request to the bank and access your funds quickly.

The following samples illustrate how to request withdrawal of your fixed deposit. Adapt them to your needs, ensuring all required information is accurately included. Always confirm the specific requirements of your bank or financial institution for FD withdrawals. Ensure your letter clearly outlines the account number, the FD number, and your preferred method of receiving the funds (e.g., bank transfer, check).

Sample Fixed Deposit Withdrawal Letters

Sample Letter 1: Simple Withdrawal Request

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Bank Manager Name]
[Bank Name]
[Bank Address]

Subject: Request for Fixed Deposit Withdrawal

Dear [Bank Manager Name],

I am writing to request the withdrawal of my fixed deposit, details of which are as follows:

* Account Name: [Your Account Name]
* FD Account Number: [Your FD Account Number]
* Maturity Date: [FD Maturity Date]

I would like the funds to be transferred to my savings account:

* Savings Account Number: [Your Savings Account Number]
* Bank Name: [Your Bank Name]
* Branch Name: [Branch Name]

Thank you for your assistance.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 2: Request with Reason for Withdrawal

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Bank Manager Name]
[Bank Name]
[Bank Address]

Subject: Fixed Deposit Premature Withdrawal Request

Dear [Bank Manager Name],

I am writing to request the premature withdrawal of my fixed deposit account, details of which are below:

* Account Name: [Your Account Name]
* FD Account Number: [Your FD Account Number]
* Original Maturity Date: [FD Maturity Date]

Due to [briefly state your reason, e.g., unexpected medical expenses], I need to access these funds sooner than anticipated.

Please transfer the amount, after deducting any applicable penalties, to my savings account:

* Savings Account Number: [Your Savings Account Number]
* Bank Name: [Your Bank Name]
* Branch Name: [Branch Name]

Thank you for your understanding and prompt action.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 3: Request for Check Payment

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Bank Manager Name]
[Bank Name]
[Bank Address]

Subject: Request for Fixed Deposit Withdrawal – Check Payment

Dear [Bank Manager Name],

I am writing to request the withdrawal of my fixed deposit with the following details:

* Account Name: [Your Account Name]
* FD Account Number: [Your FD Account Number]
* Maturity Date: [FD Maturity Date]

I would like to receive the funds via a check, made payable to [Your Name]. Please mail the check to my address:

[Your Address]

Thank you for your assistance.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 4: Request to Close FD on Maturity and Transfer Funds

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Bank Manager Name]
[Bank Name]
[Bank Address]

Subject: Fixed Deposit Closure and Fund Transfer Request

Dear [Bank Manager Name],

I am writing to request the closure of my fixed deposit account upon its maturity. The details are:

* Account Name: [Your Account Name]
* FD Account Number: [Your FD Account Number]
* Maturity Date: [FD Maturity Date]

Upon maturity, please transfer the principal amount along with the accrued interest to my savings account:

* Savings Account Number: [Your Savings Account Number]
* Bank Name: [Your Bank Name]
* Branch Name: [Branch Name]

Thank you for your prompt attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 5: Request for Premature Withdrawal Due to Emergency

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Bank Manager Name]
[Bank Name]
[Bank Address]

Subject: Urgent Request for Premature Withdrawal of Fixed Deposit

Dear [Bank Manager Name],

I am writing to request the premature withdrawal of my fixed deposit due to a pressing family emergency, with the following details:

* Account Name: [Your Account Name]
* FD Account Number: [Your FD Account Number]
* Original Maturity Date: [FD Maturity Date]

Due to unforeseen and urgent [ Briefly explain emergency, e.g., medical emergency], I require immediate access to these funds.

Please transfer the remaining balance, after deducting any applicable penalties, to my savings account:

* Savings Account Number: [Your Savings Account Number]
* Bank Name: [Your Bank Name]
* Branch Name: [Branch Name]

I would greatly appreciate it if you could expedite this request given the urgent circumstances. Please contact me at the number provided above if any further documentation or information is required.

Thank you for your understanding and immediate attention to this matter.

Sincerely,
[Your Signature]
[Your Typed Name]

Sample Letter 6: Formal Request to Defer FD Maturity and Continue

[Your Name]
[Your Address]
[Your Phone Number]
[Your Email Address]

[Date]

[Bank Manager Name]
[Bank Name]
[Bank Address]

Subject: Deferral and Continuation Request for Fixed Deposit Maturity

Dear [Bank Manager Name],

I am writing to request a deferral and continuation of my fixed deposit upon its maturity with the following details:

* Account Name: [Your Account Name]
* FD Account Number: [Your FD Account Number]
* Maturity Date: [FD Maturity Date]

Rather than withdrawing the funds, I would like to defer the maturity and reinvest the principal and accrued interest for another term, equivalent to the initial deposit term at the current interest rate applicable for fixed deposits.

Please confirm the current interest rate offered, new maturity date and contact me if further documentation is required for the same.

Thank you for your assistance.

Sincerely,
[Your Signature]
[Your Typed Name]