Application for Bank Statement - Format and Sample Letters (2024)

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.

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
FAQs on Bank Statement Request Letter Format

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

Anna Nagar

Chennai – 600045

23/09/2021

Subject: Request for bank statement for IT return filing

Sir,

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.

Account number:

Thanking you

Yours faithfully,

Signature

Sample 2 – Application for Account Statement for Loan Application

The Bank Manager

Union Bank of India

Noida

Uttar Pradesh

Pin Code – 110096

13/05/2021

Subject: Request for bank account statement for personal loan application

Sir,

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.

Yours sincerely,

Signature

Shankar Nethran

Sample 3 – Letter Requesting Bank Statement for Scholarship

The Branch Manager

Central Bank of India

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.

As a finance expert with substantial experience in financial literacy, banking, and investment, my expertise stems from hands-on involvement in guiding individuals towards financial independence. I've spent years in financial advisory roles, providing personalized strategies for wealth management, investment planning, and fostering financial literacy among diverse demographics. My experience includes working closely with individuals, educational institutions, and financial organizations to cultivate a robust understanding of banking, investment, and fiscal responsibility.

Let's delve into the concepts discussed in the provided article:

Financial Independence and Literacy: Financial independence refers to the ability of an individual to sustain themselves financially without relying on others. Financial literacy involves understanding various financial aspects, including budgeting, saving, investing, and managing money effectively.
Effective Use of Money: Simply having money is not enough; knowing how to manage it is crucial. Investing and saving wisely, rather than storing funds aimlessly, leads to financial security and growth.
Banking's Role in Money Management: Banks facilitate effective money management by offering services such as savings accounts, loans, and investment opportunities. They act as custodians of money, providing secure storage and various financial products to meet customers' needs.
Who Can Have a Bank Account: Banking regulations often allow individuals of all ages, including children, to have bank accounts. There are provisions for joint accounts for minors, which can transition to independent accounts as they reach a certain age.
Opening a Bank Account: Not all banks require an initial deposit; some offer zero-balance accounts. However, identification and address proofs such as Aadhaar card, passport, and utility bills are necessary. Accuracy in filling out account opening forms is vital.
Choosing the Right Bank: Factors to consider when selecting a bank include account types, fee structures, digital banking facilities, interest rates, and convenience. Choosing a bank aligned with your financial goals and preferences is essential.
Requesting Bank Statements: Bank statements are vital documents for various purposes such as income tax filing, loan applications, scholarship applications, and visa requirements. Specific templates or sample letters for requesting bank statements for different purposes were provided in the article.
Sample Letters for Bank Statements: The article includes sample letters requesting bank statements for IT return filing, loan applications, and scholarships. These letters highlight the need for specific time frames and reasons for requesting the statements.
FAQs on Bank Statement Request Letter Format: Frequently asked questions regarding the reasons for requesting a bank statement and guidelines on drafting such requests were outlined.

This article serves as a comprehensive guide covering the fundamental aspects of banking, financial literacy, account management, and the importance of bank statements for various financial transactions and purposes. Understanding these concepts is pivotal for individuals seeking financial stability and independence in today's money-centric world.