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Letter to Bank for Cancellation of Standing Instruction/ Order

sample letter to bank to cancel standing instructionA standing instruction or standing order is a specific instruction given by an account holder to its bank to make payment of a certain sum of money to the account of another person or organisation on a certain date or dates of each month or periodically as specified by the account holder.

E.g. Raam is an account holder at HBI Bank. Raam has given a standing order to the bank that each month on the 5th day, the bank has to transfer Rs. 10,000 to Shyaam on his account number 1234567890 in SDFC Bank.


Such standing order can be cancelled at any time by the account holder by requesting the bank in writing to cancel the standing instruction. Now-a-days, many banks are providing online options to give such standing orders and to cancel them.

Following is a template of a letter to the bank manager for cancellation of standing instruction.

SAMPLE

Date: ..................

From
(Name of the Account holder)
(Complete Address)
(Contact Number)

To
The Manager
(Name of the Bank)
(Name of the Branch)
(Address)

Sub.: Cancellation of Standing Instruction/ Order
Ref: Savings Account Number ............................

Dear Sir/Madam,

I am maintaining a savings account bearing number ......................... in your branch. On my standing instruction, your bank has been debiting my account for Rs. .............. and crediting it to the following beneficiary account on the ...th day of each month.

Beneficiary details:
Name: ................................
Account No.: .....................
Bank: .........................
IFSC: .........................

I hereby cancel the above mentioned standing instruction with immediate effect.


Kindly do the needful and communicate upon cancellation.

Thank you for your prompt action in this regard.

Yours faithfully,

   (signature)
(Name of the Account Holder)

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