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  • Procedure For Switching Bank Account

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    virtualtjk
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    To switch his bank account to a new branch, the customer must submit an application to his current branch manager requesting the transfer. He must provide details of his existing account and any liabilities. Once his current account is closed, the bank will provide him a no-objection certificate to open a new account at the desired branch. The current branch will send his account information to the new branch, which will assign a new account number and issue a new cheque book after completing the transfer formalities.

    Original Description:

    Letter to customer regarding the Procedure for switching Bank Account to another bank.

    Original Title

    Procedure for Switching Bank Account

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    To switch his bank account to a new branch, the customer must submit an application to his current branch manager requesting the transfer. He must provide details of his existing account and any liabilities. Once his current account is closed, the bank will provide him a no-objection certificate to open a new account at the desired branch. The current branch will send his account information to the new branch, which will assign a new account number and issue a new cheque book after completing the transfer formalities.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as pdf or txt
    28 views1 page

    Procedure For Switching Bank Account

    Uploaded by

    virtualtjk
    To switch his bank account to a new branch, the customer must submit an application to his current branch manager requesting the transfer. He must provide details of his existing account and any liabilities. Once his current account is closed, the bank will provide him a no-objection certificate to open a new account at the desired branch. The current branch will send his account information to the new branch, which will assign a new account number and issue a new cheque book after completing the transfer formalities.

    Copyright:

    © All Rights Reserved
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    ABC BANK/TRN/AC/13 Dated: __ / __ / ____

    Mr. JKL
    House no xxx,
    BBG Town,
    Distt JPG.

    Subject: Procedure of switching bank account to other branch

    Dear Sir,

    You have asked about the procedure of transferring your bank account to your new
    location. For the purpose there are certain formalities you have to fulfill. The procedure is
    as follows:

    1. Application to the branch manager requesting him to transfer your account to the
    branch at your new destination.
    2. Details of your existing account & liabilities (if any)
    3. Close your existing account
    4. After all of the above we will provide NOC to you to open a new account at your
    required branch.

    We will send this information to your desired branch along with details of your existing
    account. The new branch after completing all of the formalities will be assigning you a
    new account number and issuing a new cheque book. I hope this may serve your purpose.


    Truly yours



    Manager

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