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.
Table of Contents:
- Sample Letter
- Live Editing Assistance
- How to Use Live Assistant
- Additional Template Options
- Download Options
- Share via Email
- Share via WhatsApp
- Copy to Clipboard
- Print Letter
- FAQs
Sample Authorization Letter For Cash Deposit in Bank Account
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 depositing money in account ___________ (Account Number)
Respected Sir/Madam,
I would like to state that my name is ___________ (Your Name) and I carry a __________ (Savings/Current- Type of Account) in your branch bearing an Account no. _________.
As I am _____ (Reason for not being able to come to the bank – occupied /some urgent work /injury/health issue/any other). I will not be able to visit branch for depositing an amount of __________ (Amount) to my account as on date_________ (date of deposit).
Therefore, I hereby authorize, Mr/Mrs/Miss __________ (Name of authorized person) to deposit the mentioned amount in my bank account.
I am enclosing a copy of the ID Proof of the authorized person for your verification along with the signature attested.
Signature:_______________ (Signature of authorized person responsible for deposit)
Should you have any queries, feel free to contact me at mentioned contact details:
________________ (Contact Number),
________________ (Email ID)
Yours Truly/Sincerely,
_________________ (Name)
_________________ (Account Number)
Encl: Copy of ID Proof
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FAQs
- Q: Who can I authorize to deposit money on my behalf?
- A: You can authorize a trusted individual whom you believe can deposit money responsibly.
- Q: Is it necessary to enclose a copy of the authorized person's ID proof?
- A: Yes, enclosing a copy of the ID proof helps validate the identity of the authorized person and provides assurance to the bank.
- Q: What should I mention in the subject line of the authorization letter?
- A: Mention the purpose of the letter, which is authorizing someone to deposit money into your bank account.
- Q: How should I sign the authorization letter?
- A: Sign the letter with your own signature as the account holder, and if possible, the authorized person should also sign it as confirmation.
- Q: Can I authorize someone to deposit money into my bank account without providing their ID proof?
- A: It's advisable to provide the authorized person's ID proof to ensure the bank's verification process is smooth and accurate.
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