SBI PO 2015: Letter to the HR explaining the reason of declining the offer

Hello Readers,

On account of SBI PO 2015 Exam for the post of Probationary Officer, here we are presenting to you all a letter on “Letter to the HR explaining the reason of declining the offer” Hope you like the post!!!
You cannot go to a company where you got an offer. Write a letter to the HR supervisor to
  • explain the reason why you decline the offer
  • express you gratitude
  • explain you like your current job very much

Dear Sir,
I was a potential employee to whom you made a job offer. I would like to extend my thanks for such an offer, especially at such a company as yours. It is, however, with deepest regret that I must decline your generous invitation and apologize for any inconvenience I may have caused.
I appreciate immensely the interview organized by your company and the extensive effort made by all the staff involved. Their attitude was impressive and highly commendable. As such I must pass my sincerest apologies for any difficulties related to the extra work that must have been involved, and the time wasted on your behalf. Although the offer was substantial, it wasn’t enough to encourage me to sever the bonds with my current employer. During my time at my present company my superiors supported me and fostered my career. In short, they made me the employee I am today.
I would like to keep the lines of communication open between our two parties, and look forward to further correspondence.
Yours sincerely,