Opening a fixed deposit account often requires a formal written request to your bank. Below are 15 sample request letters you can use to professionally communicate your intent and ensure a smooth processing of your fixed deposit application.
Sample 1: Request for Opening a New Fixed Deposit Account
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
123 Main Street
City, State, ZIP
Subject: Request to Open a Fixed Deposit Account
Dear Sir/Madam,
I, [Your Name], holding Savings Account No. [123456789] with your branch, would like to open a new fixed deposit for a principal amount of $50,000 for a tenure of one year at the prevailing interest rate. Please transfer funds from my above-mentioned savings account and issue the Fixed Deposit Receipt in my name.
Kindly confirm the deposit and send me the certificate at your earliest convenience.
Thank you for your prompt attention.
Yours faithfully,
[Your Signature]
[Your Name]
[Contact Number]
[Email Address]
Sample 2: Request for Opening a Joint Fixed Deposit Account
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Request to Open Joint Fixed Deposit Account
Dear Sir/Madam,
We, [Your Name] (A/C No. [123456789]) and [Co‑Applicant Name] (A/C No. [987654321]), wish to jointly open a fixed deposit of $75,000 for a period of 18 months. Please debit our respective savings accounts equally and issue the Fixed Deposit Receipt with both names as joint depositors, operating “either or survivor.”
Please let us know if any additional documentation is required.
Thank you for your assistance.
Yours sincerely,
[Your Signature] [Co‑Applicant Signature]
[Your Name] [Co‑Applicant Name]
[Contact Numbers]
Sample 3: Request for Fixed Deposit with Nomination Facility
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Fixed Deposit Opening with Nomination
Dear Sir/Madam,
I hold Savings Account No. [123456789] and wish to open a fixed deposit of $100,000 for two years. I request you to include a nominee, [Nominee Name], relation [e.g., spouse/son], and record their details as per bank norms. Please debit my savings account for the deposit amount and issue the FD receipt with nomination details.
Kindly confirm upon processing.
Yours faithfully,
[Your Signature]
[Your Name]
[Contact Number]
Sample 4: Request for Tenor Extension of Existing Fixed Deposit
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Request for Extension of Fixed Deposit Tenure
Dear Sir/Madam,
I currently hold Fixed Deposit Certificate No. [FD12345] for $50,000, originally maturing on May 1, 2025. I wish to extend the tenure by one additional year at the prevailing rate. Please renew my deposit under the same terms and send me the renewed certificate.
Thank you for your prompt service.
Yours sincerely,
[Your Signature]
[Your Name]
[Contact Number]
Sample 5: Request for Tax‑Saving Fixed Deposit under Section 80C
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Application for Tax‑Saving Fixed Deposit (80C)
Dear Sir/Madam,
I request opening a tax‑saving fixed deposit of ₹150,000 for a lock‑in period of five years under Section 80C of the Income Tax Act. Please debit my Savings A/C No. [123456789] and issue the FD certificate with lock‑in clause. Enclosed is the duly filled application form.
Looking forward to your confirmation.
Yours faithfully,
[Your Signature]
[Your Name]
[PAN: ABCDE1234F]
[Contact Number]
Sample 6: Request for Fixed Deposit Interest Payout Instructions
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Fixed Deposit Opening & Interest Payout Mode
Dear Sir/Madam,
Please open a fresh fixed deposit of $60,000 in my name (A/C No. [123456789]) for a tenure of two years. I request quarterly interest payouts to be credited to my Savings Account No. [123456789]. Kindly process this request and confirm the schedule of interest disbursements.
Thank you.
Yours sincerely,
[Your Signature]
[Your Name]
[Contact Number]
Sample 7: Request for Fixed Deposit Conversion from Savings Balance
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Conversion of Savings Balance to Fixed Deposit
Dear Sir/Madam,
I wish to convert $40,000 from my Savings Account No. [123456789] into a fixed deposit for 15 months. Please process the conversion at the prevailing FD rate and send the certificate to my registered address.
Appreciate your swift action.
Yours faithfully,
[Your Signature]
[Your Name]
Sample 8: Request for Fixed Deposit Auto‑Renewal
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Instruction for Auto‑Renewal of Maturing FD
Dear Sir/Madam,
My Fixed Deposit No. [FD67890] of $30,000 is due on May 5, 2025. Please auto‑renew it for another year at the prevailing rate upon maturity and credit the interest to my Savings Account No. [123456789]. Confirm issuance of the renewed certificate.
Thank you for your attention.
Yours sincerely,
[Your Signature]
[Your Name]
Sample 9: Request for Change of Nominee on Fixed Deposit
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Change of Nominee for Fixed Deposit
Dear Sir/Madam,
I hold FD Certificate No. [FD24680] for $25,000 maturing on June 10, 2025. Kindly update the nominee from [Old Nominee Name] to [New Nominee Name], relation [e.g., daughter]. Enclosed is the nomination change form.
Please confirm once updated.
Yours faithfully,
[Your Signature]
[Your Name]
Sample 10: Request for Issuance of Duplicate Fixed Deposit Certificate
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Issuance of Duplicate FD Certificate
Dear Sir/Madam,
My Fixed Deposit Certificate No. [FD13579] for $20,000 issued on July 1, 2023, has been misplaced. Kindly issue a duplicate certificate after I complete the indemnity formalities. Debit any applicable charges to my account.
Thank you for your cooperation.
Yours sincerely,
[Your Signature]
[Your Name]
Sample 11: Request for Part‑Premature Withdrawal of Fixed Deposit
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Part‑Premature Withdrawal of FD
Dear Sir/Madam,
I request a partial withdrawal of $10,000 from my Fixed Deposit No. [FD11223] (principal $50,000, maturity July 15, 2025). Please debit the amount along with applicable penalty and credit the balance to my Savings Account No. [123456789].
Kindly process urgently.
Yours faithfully,
[Your Signature]
[Your Name]
Sample 12: Request for Fixed Deposit Linkage with Overdraft Facility
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Link FD with Overdraft Against FD Facility
Dear Sir/Madam,
I wish to open a fixed deposit of $80,000 for one year and link it to the Overdraft Against FD facility. Please provide me the terms and activate the linkage upon issuance of the FD certificate. Debit my Savings Account No. [123456789].
Thank you for your assistance.
Yours sincerely,
[Your Signature]
[Your Name]
Sample 13: Request for Issuance of FD Statement
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Request for Fixed Deposit Statement
Dear Sir/Madam,
Please provide me with a detailed statement of all fixed deposits held under my name (A/C No. [123456789]) as of March 31, 2025, including principal amounts, tenures, interest rates, and maturity dates. I require this for tax filing purposes.
Kindly send it to my registered email.
Yours faithfully,
[Your Signature]
[Your Name]
Sample 14: Request for Change of Interest Payout Mode
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Change of FD Interest Payout Mode
Dear Sir/Madam,
My Fixed Deposit No. [FD44556] presently pays interest annually. I request you to switch the payout mode to cumulative interest at maturity. Please update your records and confirm.
Thank you.
Yours sincerely,
[Your Signature]
[Your Name]
Sample 15: Request for Closure and Renewal into a New FD Scheme
Date: April 20, 2025
To:
The Branch Manager
ABC Bank Ltd.
Downtown Branch
Subject: Closure of Existing FD and Renewal under New Scheme
Dear Sir/Madam,
I request the closure of my existing Fixed Deposit No. [FD77889] (₹100,000, maturing May 1, 2025) and renewal into your newly launched “Super Saver FD Scheme” for two years. Please process the closure, credit the proceeds to my savings account, and open the new deposit under the specified scheme.
Appreciate your prompt action.
Yours faithfully,
[Your Signature]
[Your Name]
[Contact Number]
True or False:
Writing a Request Letter for Fixed Deposit
1. The date on a formal request letter should be positioned beneath the sender's address. True or False?
2. Including the account number in the request letter helps the bank process the request faster. True or False?
3. It's acceptable to use informal salutations like "Hey there" in a request letter to bank. True or False?
4. The subject line in a request letter should clearly state the purpose of the letter. True or False?
5. Enclosing supporting documents in a request letter to open a fixed deposit is unnecessary. True or False?
6. Using a polite closing like "Yours faithfully" is appropriate when the recipient is unknown. True or False?
7. A fixed deposit request letter should specify the amount, tenure, and interest payout instructions. True or False?
8. Handwritten letters are no longer accepted by most banks. True or False?
9. You should always include a nominee name if you intend to open a fixed deposit. True or False?
10. It's best practice to send a PDF copy of your ID along with the request letter. True or False?
11. The tone of the letter should be demanding to emphasize urgency. True or False?
12. Including contact information at the end of the letter is optional. True or False?
13. Banks require original signatures on printed request letters. True or False?
14. Using bullet points in the body of a formal request letter is considered unprofessional. True or False?
15. It's unnecessary to mention the prevailing interest rate in your request. True or False?