Letter to Bank for Cancellation of Standing Instruction/ Order

A standing instruction or standing order is a specific instruction given by an account holder to his 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 the bank has to transfer Rs. 10,000 to Shyaam on his account number 1234567890 in SDFC Bank on the 5th day of each month.

The account holder can cancel such standing orders at any time by requesting the bank in writing to cancel the standing instruction. Some banks are providing online options to give such standing orders and to cancel them.

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

TEMPLATE

Date: _________

From

(Name of the Account-holder)

(Complete Address)

(Contact Number)

To

The Branch Manager

(Name of the Bank)

(Name of the Branch)

(Address)

Sub.: Cancellation of Standing Instruction/ Order

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:

i) Name: _________________

ii) Account No.: ____________

iii) Bank: __________________

iv) IFSC: __________________

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

Kindly do the needful and communicate upon cancellation.

Thanking you,

Yours faithfully,

    (Signature)

(Name of the Account-holder)