Application for Bank Statement - Format and Sample Letters

In today’s world, where money has become the factor that decides the fate of anything and everything, it is very vital that individuals equip themselves with financial independence and financial literacy. Having a lot of money and not knowing what to do with it or stashing it away in your cupboard lockers is of no use. On the other hand, if individuals know how to invest and save the money they earn, they could live a much more financially secure life. This article will give you a glimpse of how banking promotes the effective use of money, the ways to choose the right bank and the means to invest in, and sample application letters requesting bank statements.

Table of Contents

• Who Can Have a Bank Account – Things You Need to Know Before You Start Your Bank Account
• Choosing Your Banking Partner
• Sample Letters of Request for Bank Statement
  • Sample 1 – Bank Statement Request Letter for IT Returns
  • Sample 2 – Application for Account Statement for Loan Application
  • Sample 3 – Letter Requesting Bank Statement for Scholarship

  Who Can Have a Bank Account – Things You Need to Know Before You Start Your Bank Account

  Anyone is allowed to have a bank account. The Reserve Bank of India has given provisions for children and adults to have bank accounts. Children below the age of ten are eligible to have joint accounts, which can be changed into independent accounts once they complete eighteen years of age.

  Should I have money to open a bank account? To this question, the answer is no. Not all banks insist on depositing money into your bank account the moment you start it. Many banks provide the option of a zero balance account. There are a few documents, however, that you should keep handy when you are at a bank to open your account. Most banks demand an address proof and identity proof for verification. The Aadhaar card is one compulsory proof demanded by all banks owing to the country’s rules and regulations. Other documents include ration card, voter’s identity card, passport, driving license, pan card, etc., for identification proof; and electricity bill, telephone bill, gas bill, etc., for address proof. The most important thing you need to take care of when starting a bank account is that you fill in all the right details in a legible manner.

  Choosing Your Banking Partner

  To choose a bank, you should first decide what kind of account you want. Once you know the type of account you want to open, you can identify the bank by filtering out a few factors. Check for banks which do not charge much; check if there are any hidden fees, annual fees or transfer fees; check for cashing limits, digital banking policies, interest rates and also your convenience. If you are able to find a bank that offers you the best options and suits your financial needs, you can go forward with that one.

  Sample Letters of Request for Bank Statement

  Here are some sample letters of request for bank statements for your better understanding and reference.

  Sample 1 – Bank Statement Request Letter for IT Returns

  The Branch Manager

  State Bank of India

  Subject: Request for bank statement for IT return filing

  As I have to file my income tax returns for the financial year 2020-2021, I request you to provide me with the bank statement from the 1st of April, 2020 to the 31st of March, 2021 for the savings bank account. I have enclosed herewith the account number and a copy of the passbook for your reference. Kindly do the needful.

  Sample 2 – Application for Account Statement for Loan Application

  The Bank Manager

  Union Bank of India

  Pin Code – 110096

  Subject: Request for bank account statement for personal loan application

  I hold an account with the account number (mention your account number) at your bank, and I require a bank statement for the past six months (13/11/2020 to 13/05/2021) to provide as proof to apply for a personal loan. Kindly do the needful and provide me with my bank account statement at the earliest.

  Thank you in advance.

  Sample 3 – Letter Requesting Bank Statement for Scholarship

  The Branch Manager

  Central Bank of India

  New Washermanpet Extension

  Subject: Request for bank account statement for scholarship

  I am Stephen Ruben, and I hold an account with the account number (mention your account number) at your bank. I require the bank statement for the last six months in order to apply for a scholarship abroad.

  It would be of great help if you could kindly do the needful and issue me my bank statement at the earliest. You can mail it to name.email@gmail.com.

  Frequently Asked Questions on Bank Statement Request Letter Format

  For what reasons can you request for a bank statement?

  People request for a bank statement for purposes such as loan application, scholarship, IT return filing, visa application, for higher education and to provide proof for various transactions.

  How do I write a request for a bank statement to the branch manager?

  I hold an account with the account number (provide your account number correctly) at your bank, and I require a bank statement for the past six months (the dates for which you require the bank statement) to provide as proof (state reason for request of bank statement). Kindly do the needful and provide me with my bank account statement at the earliest.