Reply to The Letter Enquiring About The Rate of Interest on Fixed Deposit




Reply to The Letter Enquiring About The Rate of Interest on Fixed Deposit :





DATE


From :

Name of Sender,
Door Number and The Name of The Street,
City with ZIP Code.


To :

The Manager,
ZZZZZZ Business House,
Door Number and The Name of The Street,
City with ZIP Code.
Phone : 0011 - XXXXXXXX
Fax : 0011 - XXXXXXXX


Dear Sir,


Your letter enquiring about the rate of interest on fixed deposit is duly received. We may inform you that the rate of interest on fixed deposits exceeding the amount $ 1000 for a period of five years is 10 per cent. This interest accrues quarterly and the bank provides the facility to the customer either to take payment of this interest at the end of every quarter of the year or get it deposited in the savings account on which also interest accures at the rate of 4% per annum. Our bank thus provides double benefit to the customers.


However, the interest will cease after the date of maturity. In order that our customers may not incur loss of interest we advise them to get the Fixed Deposit renewed for further periods.


We will welcome you to our bank to derive benefit of our arrangements.


Thanking you.


Yours Faithfully,


Vasu





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Reply to The Letter Enquiring About The Rate of Interest on Fixed Deposit
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