This letter serves as a formal request for the closure of a company’s current account and the transfer of its remaining balance to another designated account. The authorized signatory, acting on behalf of the company, provides essential details, such as the current account’s name, number, and branch. Additionally, the recipient account’s information, including the account name, number, bank name, branch, and IFSC code, is provided for a smooth transfer of funds. Along with this request, the letter encloses necessary documents, such as the company’s board resolution authorizing the account closure. The letter also requests the bank to confirm the successful closure of the account and the completion of the fund transfer. If any further information or documentation is required, the letter encourages the bank to contact the authorized company representative via phone or email. The letter is signed by the authorized person, who includes their name, designation, and identification details (such as PAN or DIN). The letter aims to facilitate a seamless process by providing all necessary details and urging timely action on the part of the bank to confirm the closure and fund transfer.
Sample Request Letter for Closure of Company’s Current Account and Transfer of Balance to another Account
____________________ (Name of Authorised Person)
______________________ (Designation of Authorised Person)
______________________ (Name of Company)
Date: _____________ (Date of Preparation)
The Branch Manager
___________________ (Bank Name)
_____________________ (Branch Address)
Subject: Request for Closure of Company Current Account and Transfer of Balance
Dear Sir/Madam,
I am writing on behalf of “_______________________ (Name of Company)”, as the authoriosed signatory, to formally request the closure of our company’s current account with your bank. Below are the account details for reference:
| Account Name: | |
| Account Number: | |
| Branch: |
We request that the remaining balance in the above-mentioned account be transferred to the following account:
| Account Name: | |
| Account Number: | |
| Bank Name: | |
| Branch: | |
| IFSC Code: |
Enclosed with this letter are the required documents for account closure, including the company’s board resolution approving the closure of the account.
Kindly process this request at your earliest convenience and confirm both the closure of the account and the successful transfer of funds. Should you need any additional information or documentation, please feel free to contact me at _____________ (Contact details of person authorised by company to look after this matter) or via email at _________________________ (Email Id for further Communication with company)
Thank you for your prompt assistance.
Yours sincerely,
______________________ (Signature of Authorised Person)
____________________ (Name of Authorised Person)
______________________ (Designation of Authorised Person)
______________________ (PAN / DIN)
Author Bio
