What is an Inquiry Letter in Banking?
An inquiry letter in banking is a formal request written by a customer, job applicant, or organization seeking information from a bank. It may relate to account details, loan products, interest rates, job openings, or service clarifications.
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Why Write an Inquiry Letter?
To seek product or service details
For job or internship opportunities
To request clarification on statements
For investment or fixed deposit info
To understand bank policies or charges
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Structure of an Inquiry Letter
1. Sender’s Information
Name, Address (or Account Number), Date
2. Recipient Details
Manager’s Name, Bank Name, Branch Name
3. Subject Line
Clear and direct purpose of inquiry
4. Body
State your question or request
Provide related background info (if needed)
Ask for a prompt and specific response
5. Closing
Sincerely / Yours faithfully
Name & Contact Info
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Common Scenarios for Inquiry Letters
Inquiring about loan interest rates
Asking for account opening procedures
Requesting info on fixed deposits or investments
Clarifying charges or deductions
Seeking job vacancy details in the bank
Sample Inquiry Letter (Loan Interest Rates)
> Masnun Salehin
22, New Market Road, Khulna
Date: 15 April 2025
To
The Branch Manager
Uttara Bank Ltd
Daulatpur Branch, Khulna
Subject: Inquiry Regarding Current Loan Interest Rates
Respected Sir/Madam,
I hope this letter finds you well. I am interested in obtaining a personal loan from your esteemed bank and would like to inquire about the current interest rates, repayment terms, and eligibility criteria.
Kindly provide detailed information on:
Interest rates for personal and home loans
Processing fees or hidden charges (if any)
Loan tenure and monthly installment details
Your assistance will help me plan accordingly. I look forward to your response at your earliest convenience.
Sincerely,
Masnun Salehin
Contact: 017XXXXXXXX
Email: Masnun15@email.com
