When writing a letter requesting not to deduct a loan installment from your salary account, it's important to be clear and polite. Provide all necessary details such as your name, account information, loan details, and the reason for your request. Clearly state your preferred payment method and provide details of the alternate bank account. Express gratitude for their attention and cooperation.
Table of Contents:
- Sample Letter
- Live Editing Assistance
- How to Use Live Assistant
- Additional Template Options
- Download Options
- Share via Email
- Share via WhatsApp
- Copy to Clipboard
- Print Letter
- FAQs
Sample Letter Not to Deduct Loan from Salary Account
To,
The Branch Manager,
_________ (Branch’s name),
_________ (Branch’s address)
Date: __/__/____(Date)
Subject: Request to not deduct loan from Salary Account
Respected Sir/Madam,
My name is _______ (name) and I am a ________ (type of bank account) account holder in your bank of ________ (Branch name). I am availing the facility of ________ (Loan Type) under the name of ________(Account name) and the account number is ________ (account no.).
I would like to inform you that I have taken a loan ______________ (mention amount) from your bank under which I am supposed to pay a monthly installment of Rupees ________ (mention amount). I write this letter to request you to not deduct the loan amount from my _______ (salary account number) as the stated account is set as the default payment method. The reason behind the same is ________________ (mention reason). I request you to kindly deduct the installments from the bank account mentioned below.
The following are the details of my bank account:
Loan Account Number: ________
Name: _________
Account Number: __________
Branch Name: __________
IFSC Code: __________
I shall be highly obliged for your kind response in this regard. Thank you for your kind attention.
Yours sincerely,
________ (Signature),
________ (Name),
________ (Contact number)
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- Start Typing: Enter your letter content in the "Letter Input" textarea.
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Copy to Clipboard
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Print Letter
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FAQs
- Can I request to change the account from which my loan installment is deducted?
- Yes, you can request to change the account from which your loan installment is deducted by writing a formal letter to your bank. Ensure to provide details of both your current and preferred account along with a valid reason for the change.
- What should I include in a request letter to change my loan deduction account?
- In your request letter, include your personal details, current loan account information, the reason for the request, and details of the new account where you want the installment deducted. Be clear and polite in your communication.
- How should I address the recipient of my request letter?
- Address the recipient formally as "Dear Sir/Madam" or "Respected Sir/Madam." If you know the recipient's name and designation, you can address them directly using their title and last name.
- Is it necessary to mention reasons for requesting a change in the loan deduction account?
- Yes, it's advisable to mention reasons for requesting a change in the loan deduction account. Providing a valid reason adds credibility to your request and helps the bank understand your situation better.
- What should I do if I receive no response to my request letter?
- If you receive no response to your request letter within a reasonable timeframe, consider following up with the bank through a phone call or visiting the branch in person. It's important to ensure that your request is being processed.
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