Employee Salary Transfer Letter to the Bank Sample

Employee salary transfer letter is a confirmation letter from the employer to the bank regarding crediting the salary of the employee in the bank every month.

The employer gives such a letter only after receiving a request from the employee. Generally, an employee requests for this letter from his employer, and submits this letter to the bank to avail a loan or other facility from the bank.

Here is a specimen of such a letter from the employer addressed to the bank regarding the credit of the monthly salary of an employee.

TEMPLATE

[Date]

To

The Manager

ABC Bank

Address

Sub.: Transfer of salary to ABC Bank.

Madam/Sir,

We hereby confirm that (Name of the Employee) of __________ nationality, holding passport no. ___________ has been an employee of (Name of the Organization) at (Place) since (Month, Year).

(Name of the Employee) is presently working in the capacity of (Designation) in the _________ Department and drawing a total remuneration of (Amount in figures) (Amount in words) per annum (CTC).

We confirm that we will transfer his/her net monthly salary for the credit of his/her account with your bank bearing number _______________ effective (Date). We undertake not to transfer his/her salary to any other bank unless we get a clearance certificate from you in this regard.

Should his/hers employment with us cease for any reason whatsoever, we will notify you accordingly. We will transfer his/her final settlement dues to his/her aforementioned account with your bank.

This letter is issued upon the request of the said employee. It does not constitute any obligation, responsibility, or financial guarantee on the part of (Name of the Organization).

Yours faithfully,

(Signature)  (Company seal)

(Name of the Officer)

Authorized Signatory

(Name of the Organization)