Money management requires careful planning and attention to detail, especially when dealing with fixed deposits. Sometimes life throws unexpected situations that require quick access to funds. While breaking a fixed deposit before maturity might seem straightforward, writing an effective withdrawal letter needs the right approach and proper format.
Here’s a carefully curated collection of sample letters that show you exactly how to request an early withdrawal from your fixed deposit account. Each letter addresses different scenarios and requirements, giving you practical examples to help you write your own letter with confidence.
Sample Letters of Withdrawal of Fixed Deposit
Below are fifteen professionally crafted letters that demonstrate various approaches to requesting a fixed deposit withdrawal.
Letter 1: Standard Early Withdrawal Request
Subject: Request for Early Withdrawal of Fixed Deposit Account No. FD-2024-7856
Dear Branch Manager,
As a valued customer of ABC Bank for the past eight years, this letter serves to formally request the premature withdrawal of my fixed deposit account number FD-2024-7856, which was opened on January 15, 2024, for a tenure of 24 months.
Due to an urgent family medical situation requiring immediate financial attention, accessing these funds has become necessary. Understanding that this early withdrawal may result in a reduced interest rate as per the bank’s policy, please process this request at your earliest convenience.
The total amount, including the applicable interest up to the date of withdrawal, should be transferred to my savings account number 1234567890 maintained at your branch.
Please find the following documents attached: – Original fixed deposit receipt – Copy of photo identification – Filled withdrawal form as per bank format
Your prompt attention to this matter would be greatly appreciated. Should you need additional information or documentation, please contact me at 555-0123 or via email at customer@email.com.
Thank you for your assistance in this matter.
Sincerely,
Jane Smith
Account Holder
Customer ID: 98765432
Date: February 14, 2025
Letter 2: Joint Account Withdrawal Request
Subject: Joint Fixed Deposit Account Withdrawal Request – Account No. JFD/2023/4567
Dear Sir/Madam,
We are writing regarding our joint fixed deposit account number JFD/2023/4567, opened on March 20, 2023, at your downtown branch. As joint account holders, we mutually agree to withdraw this fixed deposit before its maturity date of March 20, 2025.
The decision for early withdrawal stems from our plans to invest in a small business venture that requires immediate capital. We acknowledge that this premature withdrawal will affect the interest earnings as stipulated in the initial agreement.
Please process the withdrawal and transfer the entire amount, along with applicable interest, to our joint savings account number 9876543210 held at your branch. Both account holders have signed this request letter as required by bank policy.
Enclosed documents: – Original fixed deposit receipt – Withdrawal form with both holders’ signatures – Identity proof of both account holders – Address proof documents
We request you to process this application within the standard processing time of 3-5 working days. For any clarifications, you may reach either of us at the contact details provided below.
Thank you for your cooperation.
Yours faithfully,
Robert Johnson & Sarah Johnson
Primary holder: 555-0124
Secondary holder: 555-0125
Email: robert.sarah@email.com
Date: February 14, 2025
Letter 3: Corporate Fixed Deposit Withdrawal
Subject: Corporate Fixed Deposit Withdrawal Request – FD Number: CFD/2024/001
Dear Branch Manager,
This letter is to request the withdrawal of our company’s fixed deposit, account number CFD/2024/001, currently held at your bank. The deposit was made on behalf of XYZ Corporation on January 2, 2024, for a period of 12 months.
Our board of directors has passed a resolution to utilize these funds for expanding our manufacturing facility. The resolution copy is attached with this letter for your reference. We understand the terms of premature withdrawal and accept the adjusted interest rate applicable in such cases.
Kindly transfer the principal amount along with accrued interest to our corporate current account number 5555666677 maintained at your branch. This request has been authorized by all required signatories as per the company’s banking mandate.
The following documents are enclosed: – Board resolution for fixed deposit withdrawal – Original fixed deposit receipt – Latest list of authorized signatories – Company withdrawal request form – Company seal and signatures of authorized personnel
Please process this request as per the bank’s standard procedures for corporate accounts. For any additional requirements, contact our finance department at 555-0126 or finance@xyzcorp.com.
Best regards,
Thomas Williams
Chief Financial Officer
XYZ Corporation
Corporate ID: CORP123456
Date: February 14, 2025
Letter 4: Senior Citizen Fixed Deposit Withdrawal
Subject: Request for Withdrawal of Senior Citizen Fixed Deposit – Account No. SCFD/2023/8901
Dear Manager,
With reference to my senior citizen fixed deposit account SCFD/2023/8901, opened at your branch on April 15, 2023, this letter requests withdrawal of the entire amount before the maturity date.
My recent relocation to a retirement community requires substantial funds for the security deposit and initial setup. While cognizant of the special interest rates applied to senior citizen accounts, circumstances make this withdrawal necessary.
Please credit the amount to my pension-linked savings account 3333444455 at your branch. My grandson will visit the branch with me to complete necessary paperwork, as mentioned during our phone conversation with your senior citizen service desk.
Documents attached: – Original fixed deposit certificate – Senior citizen ID card – Proof of new residence – Withdrawal form with signature – Medical certificate (for unable to visit branch personally)
Your help with expedited processing would be greatly appreciated given my age-related mobility limitations.
Best regards,
Margaret Thompson
Senior Citizen
Account Number: SC98765
Phone: 555-0127
Date: February 14, 2025
Letter 5: Educational Purpose Withdrawal
Subject: Fixed Deposit Withdrawal for Educational Expenses – FD Account: ED/2024/3456
Dear Sir/Madam,
This letter concerns my fixed deposit account ED/2024/3456, started on June 1, 2024. As per the education-linked fixed deposit scheme rules, this letter formally requests withdrawal for qualified educational expenses.
My daughter has received acceptance to pursue her Master’s degree at ABC University, starting March 2025. The university requires first-semester fees by February 28, 2025. The attached university fee structure and acceptance letter validate this requirement.
Please transfer the withdrawn amount to my savings account 7777888899 maintained at your branch. The education-linked fixed deposit scheme mentions special consideration for interest rates when withdrawn for educational purposes.
Enclosed documents: – University acceptance letter – Fee structure document – Original fixed deposit receipt – Education scheme withdrawal form – Student ID and admission documents
Your timely processing will help meet the university payment deadline.
Regards,
David Chen
Account Number: 44556677
Contact: 555-0128
Email: david.chen@email.com
Date: February 14, 2025
Letter 6: Fixed Deposit Withdrawal for Business Emergency
Subject: Urgent Withdrawal Request – Business Fixed Deposit Account BFD/2024/7890
Dear Branch Manager,
This letter requests immediate withdrawal of fixed deposit account BFD/2024/7890, opened under my proprietorship business name “Green Gardens Nursery” on September 1, 2024.
An unexpected supply chain disruption requires immediate funds to secure alternate vendors and maintain business operations. Speed remains crucial to prevent business disruption and maintain customer commitments.
Transfer the funds to my business current account 8888999900 at your branch. The business contingency plan requires these funds within the next five business days.
Attached documents: – Business registration certificate – Fixed deposit receipt – Vendor situation documentation – Business account withdrawal form – Proprietorship declaration
Your quick action will help maintain business continuity.
Thank you,
Patricia Martinez
Owner, Green Gardens Nursery
Business Registration: BUS987654
Phone: 555-0129
Date: February 14, 2025
Letter 7: Fixed Deposit Withdrawal for Home Purchase
Subject: Fixed Deposit Withdrawal for Property Down Payment – Account: HPD/2023/2468
Dear Sir/Madam,
Please accept this letter as a formal request to withdraw my fixed deposit account HPD/2023/2468, which was opened on July 15, 2023, as part of the bank’s home purchase saving scheme.
After meeting the scheme’s minimum holding period requirement, this withdrawal will facilitate the down payment for a residential property. The property purchase agreement requires payment by March 1, 2025.
Please process the withdrawal and transfer to my home loan linked account 2222333344 at your branch. The home purchase scheme guidelines indicate special interest rates for withdrawals made for property purchases.
Documents provided: – Property purchase agreement – Home loan sanction letter – Fixed deposit certificate – Home scheme withdrawal form – Property valuation report
Your assistance with prompt processing will help meet the seller’s timeline.
Sincerely,
Michael Lee
Home Loan Application: HL123456
Contact: 555-0130
Date: February 14, 2025
Letter 8: Trust Fund Fixed Deposit Withdrawal
Subject: Trust Fixed Deposit Withdrawal Request – Trust Account TFD/2023/1357
Dear Manager,
As trustees of the Thompson Family Educational Trust, we request withdrawal of fixed deposit account TFD/2023/1357, opened on December 1, 2023.
The trust board has approved this withdrawal to fund scholarships for the upcoming academic year. Meeting scholarship disbursement deadlines requires these funds by March 15, 2025.
Transfer the amount to trust operations account 4444555566 at your branch. All trust board members have signed this request as per trust deed requirements.
Enclosed please find: – Trust board resolution – Trust deed copy – Fixed deposit receipt – Trust account withdrawal form – Trustee identification documents
Please process according to trust account protocols.
Yours truly,
James Wilson & Emily Brown
Co-Trustees, Thompson Family Educational Trust
Trust Registration: TR246810
Contact: 555-0131
Date: February 14, 2025
Letter 9: NRI Fixed Deposit Withdrawal
Subject: NRI Fixed Deposit Withdrawal – Account NRFD/2024/9876
Dear Branch Manager,
This communication requests withdrawal of my Non-Resident Indian fixed deposit account NRFD/2024/9876, opened on January 10, 2024.
Repatriation requirements make this withdrawal necessary as per FEMA guidelines. The funds will be transferred to my NRE account maintained at your branch.
Please credit the proceeds to NRE savings account 6666777788. My authorized representative will submit additional documents as required by RBI guidelines.
Documents attached: – Passport copy – NRI status proof – Fixed deposit receipt – FEMA declaration form – Power of attorney document
Process this request as per NRI account regulations.
Regards,
Priya Patel NRI
Customer ID: NRI123789
Email: priya.patel@email.com
Date: February 14, 2025
Letter 10: Minor Account Fixed Deposit Withdrawal
Subject: Minor Account Fixed Deposit Withdrawal – Account MFD/2023/4321
Dear Sir/Madam,
As the legal guardian of Sarah Thompson, minor, this letter requests withdrawal of fixed deposit account MFD/2023/4321, opened on August 20, 2023.
The withdrawal will fund Sarah’s upcoming international school exchange program. The program fees need to be paid by March 30, 2025.
Transfer the amount to her minor savings account 9999000011. This withdrawal follows the minor account operation guidelines set by the bank.
Enclosed documents: – Birth certificate – Guardian documents – School program details – Fixed deposit receipt – Minor account withdrawal form
Your assistance with this request will be appreciated.
Best regards,
Rachel Thompson
Guardian ID: GD987654
Phone: 555-0132
Date: February 14, 2025
Letter 11: Charitable Organization Fixed Deposit Withdrawal
Subject: Charitable Trust Fixed Deposit Withdrawal – Account CFD/2023/8520
Dear Branch Manager,
On behalf of Helping Hands Foundation, this letter requests withdrawal of fixed deposit account CFD/2023/8520, opened on October 10, 2023.
Recent natural disasters in neighboring communities require immediate funds for relief work. This withdrawal will support our emergency response program.
Please transfer the amount to our charitable operations account 5555666677. The managing committee has approved this withdrawal through proper resolution.
Documents provided: – Committee resolution – Charity registration – Fixed deposit receipt – Relief program details – Authorization letter
Quick processing will help serve affected communities.
Sincerely,
Richard Brown Secretary, Helping Hands Foundation
Charity Reg: CH135792
Contact: 555-0133
Date: February 14, 2025
Letter 12: Partnership Firm Fixed Deposit Withdrawal
Subject: Partnership Fixed Deposit Withdrawal – Account PFD/2024/7531
Dear Sir/Madam,
This letter represents ABC Trading Partners’ request to withdraw fixed deposit account PFD/2024/7531, opened on January 5, 2024.
A business expansion opportunity requires immediate capital investment. All partners have agreed to this withdrawal as per the partnership deed.
Transfer the funds to partnership current account 7777888899. This withdrawal follows partnership account operating guidelines.
Enclosed please find: – Partnership deed – Partner consent letters – Fixed deposit receipt – Business proposal – Account operation mandate
Your prompt attention will help seize this business opportunity.
Regards,
Mark Anderson & Peter Liu
Managing Partners, ABC Trading
Partnership Reg: PR864209
Phone: 555-0134 Date: February 14, 2025
Letter 13: Fixed Deposit Withdrawal for Medical Emergency
Subject: Medical Emergency Fixed Deposit Withdrawal – Account MED/2024/9630
Dear Branch Manager,
This urgent request concerns fixed deposit account MED/2024/9630, opened on January 20, 2024.
An unexpected medical procedure requires immediate funds. Hospital admission is scheduled for February 20, 2025, with advance payment required.
Please transfer the amount to savings account 8888999900. The medical emergency scheme allows special consideration for such withdrawals.
Documents attached: – Hospital admission letter – Doctor’s prescription – Fixed deposit receipt – Medical insurance details – Emergency withdrawal form
Your quick processing will help meet medical payment deadlines.
Thank you,
Susan Rodriguez
Customer ID: MED246813
Contact: 555-0135
Date: February 14, 2025
Letter 14: Loan Against Fixed Deposit Closure
Subject: Loan Against Fixed Deposit Account Closure – LFD/2023/7410
Dear Sir/Madam,
This letter requests closure of loan against fixed deposit account LFD/2023/7410, opened on November 15, 2023.
The loan has served its temporary funding purpose. This closure request includes complete loan repayment and release of the fixed deposit.
After loan settlement, please transfer remaining funds to savings account 2222333344. Calculate interest as per loan closure terms.
Documents provided: – Loan account statement – Fixed deposit receipt – Closure calculation – Account linkage details – Release request form
Please process the closure as per bank guidelines.
Best regards,
William Taylor
Loan Account: LA579135
Phone: 555-0136
Date: February 14, 2025
Letter 15: Government Department Fixed Deposit Withdrawal
Subject: Government Fixed Deposit Withdrawal – Account GFD/2023/8524
Dear Branch Manager,
The Department of Public Works requests withdrawal of fixed deposit account GFD/2023/8524, opened on September 5, 2023.
This withdrawal supports the approved infrastructure development project starting March 2025. The department requires these funds for contractor payments.
Transfer the amount to department account 3333444455. This withdrawal follows government account operation protocols.
Enclosed documents: – Department authorization – Project approval – Fixed deposit receipt – Fund utilization plan – Government ID proof
Process this request as per government account guidelines.
Yours faithfully,
Robert Clark
Deputy Director, Public Works Department
ID: PWD159753
Contact: 555-0137
Date: February 14, 2025
Wrap-up
These sample letters serve as reliable templates for your fixed deposit withdrawal needs. Each situation might require slight adjustments to match your specific circumstances. The key lies in maintaining clarity, providing all necessary details, and following your bank’s prescribed format. Keep copies of all submitted documents and follow up with your bank if needed.