When writing an authorization letter to a bank for collecting a deposit receipt, clarity and politeness are key. Start with a concise subject line indicating the purpose of the letter. Provide details about the fixed deposit (FD) account, including the FD number and date of creation. Clearly state the reason for authorizing someone else to collect the deposit receipt on your behalf. Enclose the authorized person's identity proof and request the bank to hand over the deposit receipt to them. Ensure to include contact information for any queries. Politeness and completeness are crucial for a successful authorization process.
Table of Contents:
- Sample Letter
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- Download Options
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- FAQs
Sample Authorization Letter to Collect FD
To,
The Branch Manager,
____________ (Name Of Bank),
____________ (Address),
Date: __/__/____ (Date)
From,
____________ (Name of the person writing),
____________ (Address of the person writing)
Subject: Authority for collecting FD
Sir/Madam,
I would like to state that I carry a FD in your bank with FD Number :_____________. This FD was done on date _______________ (Date).
I am writing this letter to inform that due to the reason _______________________ (Busy/ Unhealthy/ Ill – Mention Your Reason) I am unable to collect deposit receipt and hereby authorize ________________ (Name of authorized person) to collect FD issued in my name. I am enclosing an Identity Proof of the authorized person who can collect the stated document on _____________ (Date). I request you to kindly handover the deposit receipt to ___________ (Name of authorized person) or guide us in this regard for document collection.
For any queries you may direct all question to me on ______________ (Contact Number). You may find enclosed identity documents in my name enclosed with this letter for your reference.
Yours Truly,
________________ (Signature),
________________ (Name),
________________ (Contact Number)
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FAQs
- Q: Can I authorize someone else to collect my fixed deposit receipt from the bank?
- A: Yes, you can authorize a trusted individual to collect your fixed deposit (FD) receipt on your behalf by providing a written authorization letter along with their identity proof.
- Q: What details should be included in the authorization letter for collecting an FD receipt?
- A: The authorization letter should include your FD details (FD number, date of creation), reason for authorizing someone else, details of the authorized person, and your contact information.
- Q: Is it necessary to enclose identity proof of the authorized person with the authorization letter?
- A: Yes, enclosing the identity proof of the authorized person helps the bank verify their identity before handing over the FD receipt, ensuring security and compliance.
- Q: Can I collect the FD receipt myself later if I've authorized someone else initially?
- A: Yes, you can collect the FD receipt yourself at a later date if circumstances permit. Inform the bank accordingly, and they may require additional verification before releasing the document.
- Q: How long does it take for the authorized person to collect the FD receipt after submitting the authorization letter?
- A: The timeline for collecting the FD receipt may vary depending on the bank's procedures. It's advisable to contact the bank directly for an estimated timeframe and any additional requirements.
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