When composing an authorization letter to deposit money in a bank account, clarity and politeness are key. Begin with a polite greeting and state your name and account details. Clearly explain the reason for not being able to visit the bank personally. Provide details of the authorized person, including their name, and mention that you are enclosing a copy of their ID proof. Sign the letter and provide your contact details for verification. Avoid unclear language and ensure all necessary details are included for a successful authorization.
Sample Authority letter for withdrawing money
To,
The Branch Manager,
____________ (Name of the Bank),
____________ (Address)
Date: __/__/____ (Date)
From,
____________ (Name of the person giving authority),
____________ (Address of the person giving authority)
Subject: Authority letter for withdrawing money
Respected Sir/Madam,
I would like to state that I am ___________ (Your Name) and I hold a __________ (Savings/Current- Type of Account) in your bank bearing Account no. _________.
I being unavailable to collect money from bank hereby authorize Mr/Mrs/Miss ____________ (Name) to withdraw a sum of Rs.____________ (Amount) for my account ______________ (Account Number). The reason for my availability is, that I am ________ (Reason of not being able to come to the bank – completely occupied by/for some urgent work /personal reason /medical reason /any other).
I am handing a cheque of _________ (Amount) signed by me, dated as________ (Date of cheque issuance) to the authorized person along with this letter. I am also enclosing ID Proof of the authorized person carrying this letter and attesting the signature below.
Signature:_______________
In case of any queries feel free to contact me at the following contact details:
________________ (Contact Number),
________________ (Email ID)
Sincerely,
_________________ (Name)
_________________ (Account Number)
Encl: Copy of ID Proof
Note: Bank may ask for additional details and any other required documentation for third-party payment. request you to kindly contact your bank for third-party cash withdrawal.
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