Hi,
Here is the sample draft for a termination letter. Have taken this sample from a cloud based HR and payroll software
https://www.greythr.com/in/. These software have ready to use templates which makes the job easier for HR and helps them focus on their core tasks.
Dear <Name>,
This is with reference to the mutually agreed upon terms and conditions of employment.
The management has decided to terminate your employment with <company name> with immediate effect from <date>.
We hereby certify that you have no dues with the organization. HR/Service Desk shall dispatch tax papers and/or final settlement to you within 30 days.
We thank you for your services.
For <company name>
<HR Name>
<designation>