Banking letter for Requesting a Bank for Overdraft

Banking letter for Requesting a Bank for Overdraft

Overdraft means when all money withdrawn from the bank account and the remaining balance is less than zero. Overdraft helps the person to continue withdraw money even when your available balance is zero. When this type of situation occurs the bank account is said to be overdrawn. Bank allows their customers to set their account as an overdrawn only with some specific conditions. Sometimes, a situation occurs when we need money urgently but due to less balance in our account we unable to overcome from that situation. In that cases the bank allows you to set your bank account as an overdrawn. And after some period of time you need to deposit all money in the bank.

If you also want to set your account as an overdrawn then you may need to write a letter to the bank. Don’t worry here is a an example of the Banking letter for Requesting a Bank for Overdraft.

Also check Letter to customers inviting them to inauguration of new branch of bank.

Banking letter for Requesting a Bank for Overdraft

 

International Traders,

23, Dashmesh Market,

Jalandhar City.

 

December 12, 20 …..

 

The Manager,

Bank of India,

G.T. Road,

Jalandhar City.

 

Dear Sir,

 

We have a Current Account in your Bank which is being operated for about five year.

We beg to inform you that we have a number of contracts in hand, But at the present moment, we are short of ready cash because quite a large number of payments from overseas customers due to us are pending.

Sir, you know well our financial standing. Our fixed assets are more than Rs. 1,50,000/-. We, therefore, request your permission to overdraw our account to the extent of Rs. 2,00,000/for a period of six months. As security, our fixed assets of Rs. 1,50,000/will be deposited with you.

We are looking forward to a favorable reply at your earliest convenience.

 

Yours faithfully,

B.S. Thapar

Managing Director.


This is all you read about an example of Banking letter for Requesting a Bank for Overdraft.

Thank you


 

SharinG iS cariNG

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  1. Pingback: Letter to bank to give you holidays to pay instalments of loan

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