How to Transfer Fixed Deposit FD from One Branch to Other Branch (Offline & Online)
Your fixed deposit can be transferred from one branch to the other just like you transfer your account from one bank to the other. There are times when you transfer, so do not break your fixed deposits as you can easily transfer them from one branch to the other branch. This can be done by either sending an application to your old branch or a new branch. You will have to email this application to the old or new branch on their official mail ID. Sometimes different banks have different documentation. So visit the official website of your bank be it HDFC, ICICI, Union bank of India, Kotak, Axis, or State Bank of India, etc. To see the needed documents and make an attachment to the mail and make sure that you mail it to the official mail ID of your respective branch.
Some people believe that when they submit an application for transferring their savings account their fixed deposit will also be transferred with the help of the same request. But no that’s not the case. You have to write a separate application for transferring your fixed deposits from one branch to the other branch. This transfer can be done online as well as offline.
You can do it online through internet banking and offline by visiting the branch in person. So in this article, we will be discussing how you can transfer your Fixed Deposits from one branch to the other branch. So make sure that you read this article till the end as we will be discussing everything in detail including the application as well.
You have to note that when you submit the application for transferring your fixed deposit from one branch to the other you also have to attach a copy of your Aadhar Card with it if you do the process offline in person.
FD Transfer Application
Here’s an example of the application that you need for transferring your fixed deposit from one branch to the other branch!
To, The Manager, (Write your Branch Name), (Write your Bank Name). Subject - Regarding the transfer of fixed deposit. Dear Sir / Madam, I have an account (your type of account) in the (your bank name). My account number is (your account number). I opened a Fixed deposit account on (FD opened date) for the amount of (your FD amount). My fixed deposit number is (FD number). This fixed deposit of mine will mature on the date (FD maturity date). I am requesting you transfer my fixed deposit with the number (FD number) from the branch (current branch name of your FD) to the (name of the branch that you want to transfer your FD to). I had a great experience and was treated in a great way as a customer. I would like my fixed deposit to be transferred to the branch mentioned above. I have attached the receipt of my fixed deposit and my Aadhar card details as well. If any documentation is needed you can contact me anytime. I really hope you will consider my request and will do the needful as soon as feasible. Thank you for your time and assistance! Regards, (Your Name)
So this is an example of the application for transferring your fixed deposit from one branch to the other branch. Also, remember that you have to create two attachments along with the mail which are your fixed deposit receipt and your Aadhar card details. And then all you have to do is mail this application to the official email ID of your bank.
Bank Account Transfer Application
Now we will see an example of the application for transferring your bank account from one branch to the other branch!
To, The Manager, (Mention your Branch Name), (Mention your Bank Name). Subject - Regarding the transfer of bank account. Dear Sir / Madam, I currently have a savings account with the number (your account number) in the (your bank’s branch). I’m writing this application to inform you that I want to transfer my account to another branch (branch you want to transfer your savings account to) because (reason why you want to transfer your savings account to other branch). You can contact me anytime if any documentation is needed. You can also kindly inform me if any charges are going to be charged and I will do the needful. Also, inform me if you need any documents for your records or verification purposes. I have had a wonderful experience with you and I hope you will definitely consider my request of transferring my account to the (branch you want to transfer your account to) and you will take action as soon as possible. Kindly do the needful. Thank you for your time and assistance! Regards, (Your Name)
So this is a sample application for transferring your bank account from one branch to the other. Also, remember to check and refer to your bank’s official website to see what documents are needed and attach a copy of those documents with this application while mailing it and mail this application to the official email ID of your bank. So now we have covered how you can transfer your account and fixed deposit from one branch to the other. All you have to do is refer to the sample applications mentioned above and mail them to the official email ID of your respective branch.