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The Authorization Letter To Open Bank Account is a crucial document in Indian banking practice, commonly used when an individual or entity cannot personally present themselves at a bank to open an account. This situation often arises in cases of overseas employment, medical inability, business requirements, or other legitimate circumstances preventing physical presence. The document must comply with Indian banking regulations, including the Banking Regulation Act, 1949, and various RBI guidelines concerning KYC norms and account opening procedures. It typically includes comprehensive details about the authorizer and the authorized person, specific powers granted, duration of authority, and any limitations. The letter serves as a legal basis for the bank to accept instructions from the authorized representative and provides protection to all parties involved in the account opening process.

1. Date and Place: Current date and place of execution of the authorization letter

2. Bank Details: Full name and address of the bank branch where the account is to be opened

3. Authorizer Information: Complete details of the person giving the authorization including full name, address, and contact information

4. Authorized Person Information: Complete details of the person being authorized including full name, address, and contact information

5. Purpose Statement: Clear statement of the purpose - authorization to open bank account

6. Scope of Authorization: Specific powers being granted regarding the bank account opening process

7. Duration of Authority: Time period for which the authorization is valid

8. Declaration: Statement confirming the voluntary nature of authorization and acceptance of terms

9. Signature Block: Space for signatures of the authorizer with date