fixed deposit cancellation letter template

Fixed Deposit Cancellation Letter

How can I write a letter to Bank for fixed deposit? fixed deposit cancellation letter. Tips to write a cancellation letter and example templates.

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Bank Letters
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A cancellation letter is a letter that explains the intention to cancel some specific event. That event may either be a meeting, a college admission, or some fee deposit cancellation. It must be written in such a way that your tone does not seems harsh to the reader. You must properly explain everything to the recipient so that he/she gets a pretty good idea of why you want to cancel a certain event. In this context, we will guide you to write a smooth toned cancellation so keep scrolling. 

How can I write a letter to Bank for fixed deposit? 

We will provide a sample cancellation letter. you can also use that letter directly after making some changes in that letter. But if you want to write a cancellation letter on your own, below are mentioned some tips to write a termination letter:

  1. When writing a cancellation letter, make sure you use a proper template that contains your address as well as name, subject of the letter, signature, and recipient’s name.
  2. Provide your relevant information for example if there is a contract then provide details of the contract, if cancellation is regarding the admission then write admission details, write down the membership plan if there is any, and similarly any other relevant detail. 
  3. Make sure you do not use harsh language while writing a cancellation letter. Always talk in polite words so that the opposite party stays calm.
  4. Always prefer to make a draft first before doing any such work, and then edit that draft to finalize the letter.
  5. Inform the recipient about the cancellation. Make sure you clearly explain the reason for the cancellation.
  6. Write about the further steps you will take if the other party is not willing to cancel the event, loan, admission, or agreement. 
  7. Make a request from the recipient about a written approval of accepted cancellation.

Sample Fixed deposit cancellation letter:

Writing a cancellation may be hard for some people in their busy lives. Since people always opt the ease over the hurdles, that is why our experts are here to help you. For your help and ease, we are providing you a sample cancellation letter. if this letter is up to your expectation then you can use this letter directly after making certain edits.

Dear Mr./Mrs {{name}},

I have a fixed deposit account with your bank. The account number is {{account}}.

Due to an unexpected financial situation, I am forced to close the fixed deposit account and withdraw the money to my savings account number {{account number}}. I kindly ask you to cancel the account and proceed with the transfer as described above at the earliest. Thank you for your understanding and prompt actions.

Yours sincerely,

Download this Fixed deposit cancellation letter right now for free. This letter is ready to be forwarded after certain edits. Head towards our website for more useful edits.

The content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained this site constitutes a solicitation, recommendation, endorsement, or offer by Bizzlibrary or any third party service provider to buy or sell any securities or other financial instruments in this or in any other jurisdiction in which such solicitation or offer would be unlawful under the securities laws of such jurisdiction.


Karlyn Mcintosh(1/13/2021) - USA

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