Application for opening bank account. -Application-for-all.
Application for opening bank account.
Application for Bank include letters exchanged between bank and its clients, bank's head office and branches and between two individual banks.
These may be written regarding various different purposes such as to open an account, request for overdraft facility, stopping payment, regarding dishonoured
cheque, to issue standing instructions etc.
Generally, Opening Bank Accounts areclassified into four different types.
They are,
1. Savings Account
2. Current Account.
3. Recurring Deposit Account.
4. Fixed Deposit Account.
A savings account allows you to keep your money safely while you earn money on it as interest.
The interest rate is usually a little above the inflation rate.
A savings account also provides you cheque book facility and allows holder to make cash deposits.
This type of account is generally held by public. The internet rate is less than current account.
But, in a Saving Account there is a restrictions in deposit and withdrawal because maximum amount of money cannot be withdraw.
It is an account use for business purpose where overdraft facilities are also available for the current account holder.
Current bank accounts are very popular among companies, firms, public enterprises, businessmen who generally have higher number of regular transactions with the bank.
The current account includes deposits, withdrawals, and contra transactions. Such accounts are also called the Demand Deposit Account.
The account holder can deposit and withdraw their money without any restrictions since it is used for business purposes.
Recurring Deposit is one of the best and safe option to invest, if you are planning to invest in a short term investment.
Generally, Opening Bank Accounts areclassified into four different types.
They are,
1. Savings Account
2. Current Account.
3. Recurring Deposit Account.
4. Fixed Deposit Account.
1. Saving :
A savings bank account is one of the most popular types of bank accounts owned by an individuals.A savings account allows you to keep your money safely while you earn money on it as interest.
The interest rate is usually a little above the inflation rate.
A savings account also provides you cheque book facility and allows holder to make cash deposits.
This type of account is generally held by public. The internet rate is less than current account.
But, in a Saving Account there is a restrictions in deposit and withdrawal because maximum amount of money cannot be withdraw.
2. Current Account:
It is an account use for business purpose where overdraft facilities are also available for the current account holder. Current bank accounts are very popular among companies, firms, public enterprises, businessmen who generally have higher number of regular transactions with the bank.
The current account includes deposits, withdrawals, and contra transactions. Such accounts are also called the Demand Deposit Account.
The account holder can deposit and withdraw their money without any restrictions since it is used for business purposes.
3. Recurring Account:
In a Recurring Deposit scheme, the investor has to deposit a fixed sum every month which will build up a savings discipline.
It can be withdraw only on the maturity date which is after 6 month (minimum).Recurring Deposit is one of the best and safe option to invest, if you are planning to invest in a short term investment.
4. Fixed Deposit Account:
It is an account Provided by Bank with higher interest rates.
You can deposit a certain amount of money in a bank as a fixed deposit and earn a higher interest rate than a savings account.
Once you put your money in a fixed deposit account then, it is locked until maturity.
You can deposit a certain amount of money in a bank as a fixed deposit and earn a higher interest rate than a savings account.
Once you put your money in a fixed deposit account then, it is locked until maturity.
If you want to withdraw your money before maturity then, you have to pay a penalty amount which varies from another.
[ You may also like :-
Leave Application for Office -HERE
Letter to best friend/ Best friend Quote -HERE
How to write Business letter - Sample - HERE
Application for absent in school - HERE
Best Teacher's day speech in English -HERE
Application for teaching -HERE. ]
Thisis Application comes under Business Application. [ You may also like :-
Leave Application for Office -HERE
Letter to best friend/ Best friend Quote -HERE
How to write Business letter - Sample - HERE
Application for absent in school - HERE
Best Teacher's day speech in English -HERE
Application for teaching -HERE. ]
What is business Application ?
A business letter is a formal document often sent from one company to another or individual to company vise versa.
The format of a business letter is same as other form letters except that it may consist of a reference when applicable and available.
A good business letter is key to neW markets for your goods and services.
A business letter must be correctin form, concise and to the point. It must convey the message clearly.
A businessman has to remain in constant touch with the buyers, sellers, agents, bankers etc. He must satisfy his customers.
A business letter must be correctin form, concise and to the point. It must convey the message clearly.
A businessman has to remain in constant touch with the buyers, sellers, agents, bankers etc. He must satisfy his customers.
A good business letter helps you to-
(a) sell goods.
(b) create new customers.
(c) bring back lost customers.
(d) gives incentives to dealers.
(e) settles old disputes.
(f) brings confidence in buyers.
(g) helps to explore new markets.
In business letter we cover following letters.
(i) Enquiries (Goods Payment), Quotations and the Responses
(ii) Orders and Execution of Order
(iii) Cancellation and Complaints
(iv) Bank Correspondence
(v) Insurance Correspondence
(vi) Tenants letters
(vii) Railway Correspondence
(viii) Correspondence with Post Office
(ix) Condolence letters.
(x) Apology letters (Business Concerns)
(k) Miscellaneous letters
1. When we write a business letter, we must assume that our reader
has limited time in which to read it and is likely to skim.
2. Business writing strives to be short.
3. It should be clear and simple, rather than creative; it stresses specificity and accuracy.
4. The best business writer uses a style that is so clear that their messages cannot be understood
5. Business letter will be the first impression that you make on
someone.
(iv) Bank Correspondence
(v) Insurance Correspondence
(vi) Tenants letters
(vii) Railway Correspondence
(viii) Correspondence with Post Office
(ix) Condolence letters.
(x) Apology letters (Business Concerns)
(k) Miscellaneous letters
Following points should be kept in mind while writing a businessl letter:
1. When we write a business letter, we must assume that our reader
has limited time in which to read it and is likely to skim.
2. Business writing strives to be short.
3. It should be clear and simple, rather than creative; it stresses specificity and accuracy.
4. The best business writer uses a style that is so clear that their messages cannot be understood
5. Business letter will be the first impression that you make on
someone.
Application for Opening Bank Account.
27 Gobinda Nagar
New Delhi
Telephone 275378
10 February 2020
The Bank Manager
Royal Express Bank
New Delhi.
Subject, Open a Saving Account
Sir,
I am Rajiv Chadda residents of Diktoi, I want to open a current / saving account with your bank.
I am enclosing a certified copy of the resolution for your reference
and appointing the Royal Express Bank at New Delhi, as our
banker.
The following documents are enclosed as required by you,
(Your documents)
Example:-
1. Voter ID.
2. Pan Card.
3. Residential.
4. NOC.
5. Birth certificate.
6. Income certificate.
7. Adhaar Card etc.
Please open the account and issue a cheque book, containing hundred leaves.
Thanking you.
Yours faithfully
Rajiv Chaddha
I have tried my best to write Simple and easy language, the latest pattern is followed so that you an easily develop the skill of letter writing.
Although, I have put my best efforts in preparing this, "Application for opening Bank Account" but if you found any error or omission please inform us, we will rectify it.
New Delhi
Telephone 275378
10 February 2020
The Bank Manager
Royal Express Bank
New Delhi.
Subject, Open a Saving Account
Sir,
I am Rajiv Chadda residents of Diktoi, I want to open a current / saving account with your bank.
I am enclosing a certified copy of the resolution for your reference
and appointing the Royal Express Bank at New Delhi, as our
banker.
The following documents are enclosed as required by you,
(Your documents)
Example:-
1. Voter ID.
2. Pan Card.
3. Residential.
4. NOC.
5. Birth certificate.
6. Income certificate.
7. Adhaar Card etc.
Please open the account and issue a cheque book, containing hundred leaves.
Thanking you.
Yours faithfully
Rajiv Chaddha
Point which I cover in the above application for Opening Bank Account:
This is one of the formal letter types and it starts similar to other formal letters.- The letter starts with the name or the designation of the recipient and his/her complete postal address In this case, we are writing a letter to the bank manager So, here I have written "To the Bank Manager" followed by the complete address of the bank.
- Next part is date, You have to mention the date on which you are writing a letter Next part is 'Subject'.
- The subject is the most important part of Formal letters, the subject of the letter defines the purpose of writing the letter.
- The subject must be short and precise Here I have written, 'I want to Open savings Bank.
- Next part is 'Salutation', Here you can write 'Respected Sir/Madam'. From here, the body of your letter starts.
- Here you can start with your name and your bank account number And you can describe the problem you faced (why you want to open your bank Account).
- Now, this is how you can close body of your letter, ' Kindly look into this matter and take all the necessary action.
- You can request this to the Bank Now you have to end your letter by writing 'Yours Faithfully or sincerely' followed by your name and signature.
I have tried my best to write Simple and easy language, the latest pattern is followed so that you an easily develop the skill of letter writing.
Although, I have put my best efforts in preparing this, "Application for opening Bank Account" but if you found any error or omission please inform us, we will rectify it.
No comments: