Fixed Deposit Letter Template for Singapore

Create a bespoke document in minutes, or upload and review your own.

4.6 / 5

4.8 / 5

Let's create your Fixed Deposit Letter

1. Select your governing law and document type:

2. Enter your key requirements:

3. Create your document to edit, review or download

Get your first 2 documents free

Your data doesn't train Genie's AI

You keep IP ownership of your information

Key Requirements PROMPT example:

Fixed Deposit Letter

"Need a Fixed Deposit Letter for a corporate deposit of SGD 5 million with a 12-month term starting March 1, 2025, with quarterly interest payments and no automatic renewal clause."

Document background

The Fixed Deposit Letter is a crucial banking document used in Singapore when a customer places a fixed deposit with a bank. It serves as official documentation of the deposit arrangement, capturing essential details such as the deposit amount, tenure, interest rate, and maturity instructions. Subject to Singapore banking regulations and MAS oversight, this document provides legal protection for both the bank and depositor, while ensuring compliance with deposit insurance schemes and banking laws. The Fixed Deposit Letter is particularly important for audit trails, tax documentation, and establishing clear terms for the deposit arrangement.

Suggested Sections

1. Bank Details: Full legal name and registration details of the bank

2. Customer Details: Full name, identification details, and contact information of the deposit holder

3. Deposit Amount: Principal amount being deposited in figures and words

4. Interest Rate: Agreed interest rate and calculation method

5. Term: Duration of the fixed deposit and maturity date

6. Account Details: Fixed deposit account number and related information

Optional Sections

1. Early Withdrawal Terms: Conditions and penalties for premature withdrawal, include when early withdrawal might be necessary

2. Renewal Instructions: Terms for automatic renewal, include when automatic renewal is requested by customer

3. Interest Payment Instructions: Specific instructions for interest crediting, include when customer requests special arrangements

Suggested Schedules

1. Interest Rate Schedule: Detailed breakdown of applicable interest rates for different scenarios

2. Terms and Conditions: Standard terms and conditions of the fixed deposit

3. Fee Schedule: List of applicable fees and charges, including early withdrawal penalties

Authors

Alex Denne

Head of Growth (Open Source Law) @ Genie AI | 3 x UCL-Certified in Contract Law & Drafting | 4+ Years Managing 1M+ Legal Documents | Serial Founder & Legal AI Author

alex.den.21@genieai.co

Relevant legal definitions

Clauses

Relevant Industries

Banking
Financial Services
Corporate Treasury
Wealth Management

Relevant Teams

Treasury
Operations
Compliance
Legal
Customer Service
Finance

Relevant Roles

Bank Branch Manager
Treasury Manager
Relationship Manager
Compliance Officer
Financial Controller

How Genie AI reduced drafting time by 75% for a legal firm

Let's create your Fixed Deposit Letter

Authors

Alex Denne

Find the exact document you need

Security Deposit Receipt

Security Deposit Invoice

Rent Deposit Receipt

Real Estate Deposit Receipt

Pre Contract Deposit Agreement

Holding Deposit Agreement

Earnest Money Agreement

Deposit Receipt

Deposit Invoice

Deposit Form

Deposit Contract

Certificate Of Deposit

Term Deposit Form

Term Deposit Application Form

Request For Return Of Security Deposit Form

Rental Deposit Agreement Form

Recurring Deposit Form

Paycheck Direct Deposit Form

Money Deposit Form

Letter Of Direct Deposit

Forfeit Deposit Letter

Fixed Deposit Receipt

Fixed Deposit Form

Fixed Deposit Application Form

Fixed Deposit Account Opening Form

Dispute Security Deposit Deductions Letter

Direct Deposit Form

Direct Authorization Form

Car Deposit Form

Vendor Direct Deposit Form

Security Deposit Agreement Form

Itemized Security Deposit Deduction Letter

Direct Deposit Request Form

Deposit Refund Form

Deposit Application Form

Certificate Of Deposit Form

Cash Deposit Receipt

Standard Direct Deposit Form

Security Deposit Release Form

Vendor Direct Deposit Authorization Form

Earnest Money Deposit Bank Guarantee

Fixed Deposit Letter

Payroll Direct Deposit Form

Bank Deposit Letter

Direct Credit Authorisation Form

Damage Deposit Form

Cash Deposit Form

Direct Payment Form

Direct Deposit Enrollment Form

Check Deposit Form

Rental Deposit Form

Vehicle Deposit Agreement

Damage Deposit Receipt

Security Deposit Return Letter

Security Deposit Form

Security Deposit Demand Letter

Cash Deposit Agreement

Deposit Release Form

Rental Deposit Agreement

Deposit Acknowledgement Receipt

Vendor ACH Authorization Form

Bank Direct Deposit Authorization Form

Bank Deposit Form

Direct Deposit Authorization Form

Direct Debit Authorization Form

ACH Direct Deposit Form

Download our whitepaper on the future of AI in Legal

Genie’s Security Promise

Your documents are private:

Your documents are protected:

Organizational security

Innovation in privacy:

Want to know more?

Commercial

Employment