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Request Letter for New Bank Branch Opening in Our Locality

Each bank has a certain mechanism of deciding in which localities its branches are to be established. This may depend upon several factors viz. area population, average per capita income (pci), existing branches of other banks, viability of new branch's business, approx. number of business establishments in the area, nearby localities to come under the new branch and possible business therefrom, budget required - number of staff needed for the new branch and their salary plus all other expenses of the branch, etc.

request letter for new bank branch opening in our locality
After considering all these factors and any other important things - the bank decides whether to open a new branch in a particular area or not.

Hence, if you are planning to request the bank for opening of a new branch in your locality, you should at least try to give some information about some of the above-mentioned factors, so that it becomes easier for the bank to make an early decision on this matter.

Here is a sample letter to the bank for your reference.

TEMPLATE

Date: ________

From
(Name of the Person)
(Address)
(Phone Number)
(Email Id, if any)

To
The Zonal Head
(Name of the Bank)
(Address)
(Phone Number)

Sub.: Opening of a new branch in our locality

Dear Sir/Madam,

I am a resident of (Area Name) for the last __ years. My name is ________________, aged __ yrs, occupation ________. I am hereby requesting your bank to kindly open a new branch in our locality at (Area Name). I strongly believe that your bank's branch office will be of great use to the residents of this locality. Further, I have reasons to believe that your bank will find success in such an operation rather than facing any kind of loss.

As a layman, I would like to present to your goodself the following reasons and justification for opening of your bank's new branch in our locality.

(1) Firstly, there are only two other banks' branches in our area, which is quite less compared to the requirement of many people living here.
(2) Our area's population is around ___ lakhs. Average income of a person would be around (Amount) per month to my knowledge, which can be verified with Census data. Therefore, most of the people are financially sound enough to have a bank account and operate it for their needs.
(3) There are around ___ thousands of businesses in our area. We are noticing a good growth in economic conditions in the area. Most businesspersons are prospering well in their venture. As per the small survey conducted by me with few businesspersons - they are looking for growth in their businesses and need some support from banks to do so. Most of them have expressed that providing collateral would not be a problem for them in order to get any support from the bank.

(4) Many salaried employees are also looking to keep their money and operate with a trusted bank to gain more benefits rather than local co-operative banks who are not digitally equipped in many respects.
(5) Existing customers of your bank like me have to travel ___ km to visit your branch office at (Area Name). This is putting a lot of inconvenience to us customers.
(6) Your bank is a reputed organization and has been gaining more popularity over the years. Therefore, most people would be comfortable in trusting their money with your bank.

I hope your team will consider the above-mentioned factors carefully and decide to open a branch in our locality. Many people are looking forward to this for a long time now. Kind request to not to let us down.

We will be grateful for your kind consideration in this regard.

Thanking you!

Sincerely,

   (Signature)
(Name of the Person)


Comments

  1. Bank opening new branch in our locality

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  2. Bank opening new branch in our locality what is the process and details required

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  3. I also want to open any bank branch in our locality

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