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(On the letter head of the Company) Date: ___ The Manager, Shinhan Bank, ___BranchSubject: Request for aTerm DepositCIF ID ___Dear Sir, I/We would like to place a term deposit as under: Amount: (In

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How to fill out term deposit closure instructions

01

Contact your financial institution or visit their website to access the term deposit closure form.

02

Fill out the required fields such as account information, deposit amount, and reason for closure.

03

Sign and date the form, ensuring all information is accurate and complete.

04

Submit the form to your financial institution either in person, by mail, or through their online portal.

05

Wait for confirmation of the closure and any applicable funds to be transferred to your designated account.

Who needs term deposit closure instructions?

01

Individuals who have a term deposit account that they wish to close.

02

Customers of financial institutions who are looking to terminate their term deposit agreements.

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What is term deposit closure instructions?

Term deposit closure instructions are formal requests made by a depositor to a financial institution to close an existing term deposit account at maturity or before the end of the term.

Who is required to file term deposit closure instructions?

The account holder or depositor of the term deposit is required to file term deposit closure instructions.

How to fill out term deposit closure instructions?

To fill out term deposit closure instructions, provide details such as your account number, the date of closure request, your personal information, and any specific instructions regarding the transfer of funds after closure.

What is the purpose of term deposit closure instructions?

The purpose of term deposit closure instructions is to formally communicate the desire to close the term deposit account and to ensure that funds are properly disbursed according to the depositor's wishes.

What information must be reported on term deposit closure instructions?

Necessary information includes the account holder's name, account number, date of closure, method of fund disbursement, and any additional instructions or authorizations.

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