When writing an authorization letter for opening a bank account, clarity and politeness are crucial. Clearly state the type of account you wish to open and provide all necessary details, including the account holder's name and authorized signatories. Express authorization for the bank to process the account and outline any specific instructions or conditions. Finally, request the bank's cooperation in processing the account.
Sample Authorization Letter for Current Account Opening
To,
The Branch Manager,
____________ (Bank Name),
____________ (Bank Address)
Date: __/__/____ (Date)
Subject: Authorization letter for opening __________ (OD /Current/Limit Account – Type of account) Bank account
Dear Sir/Madam,
I/ We _____________ (Company Name) would like to open a __________ (type of account).
As per requirement, please find enclosed the account opening form of your bank for opening a __________ (type of account) in the name of _______________ (account details). The account may be opened with your __________ (Branch Name) branch.
We, hereby, authorize __________ (Bank Name) to process the account and levy charges in our account as per bank norms. The following signatories would be authorized to operate the account __________ (mode of account – Singly/ All Jointly /As per Board Resolution/Any other) and to act upon any instructions so given relating to the account.
We also declare that ______________ (Company Name) do accept all the terms and conditions mentioned in the application form or any other terms and conditions as may be notified by the bank in connection.
I/ We _____________ (Company Name) request you to kindly process the same.
For _____________ (Company Name)
Authorized Signatory
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