Kagaznama

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Power of Attorney for Bank

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  1. Where and when you sign
  2. You, the account holder
  3. The person you are appointing
  4. The bank and the account(s)
  5. The powers, and how long they last

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Where and when you sign

For example: Chandigarh

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POWER OF ATTORNEY FOR BANK

to be my true and lawful attorney, in my name and on my behalf, solely for the banking purposes described below, upon the terms of this Power.

  1. 1. THE BANK AND THE ACCOUNT(S)

1.2 The Attorney has no authority under this Power over any account, deposit or facility of the Principal not named above, or held with any bank other than the Bank named above.

  1. 2. POWERS GRANTED
  1. 3. THE BANK'S OWN REQUIREMENTS

3.1 This Power does not itself satisfy the Bank's know-your-customer requirements for the Attorney; the Attorney shall separately complete whatever identification and verification the Bank requires before operating the account(s).

3.2 Where the Bank's own printed or digital power of attorney format differs from this document, the Principal shall, if the Bank insists, execute the Bank's own format in addition to or instead of this Power, without that affecting the validity of this Power for any purpose outside that Bank's internal requirement.

  1. 4. NOT IRREVOCABLE

4.1 This is an ordinary power of attorney. It is revocable by the Principal at any time by written notice to the Attorney and to the Bank, under s.203 of the Indian Contract Act, 1872, and it terminates automatically on the Principal's death, under s.201 of that Act, whatever clause 5 below says about its stated duration. It is not granted as a power coupled with interest and no term of this Power should be read as attempting to make it one.

  1. 5. DURATION
  1. 6. GENERAL

6.1 The Attorney shall act honestly and in the Principal's interest, and shall keep the Principal reasonably informed of transactions carried out under this Power.

6.2 The Attorney may not sub-delegate this Power to another person.

6.4 If any provision of this Power is held invalid or unenforceable, the rest continues in effect.

IN WITNESS WHEREOF the Principal has executed this Power of Attorney at __________ on __________.

Signature: ______________________________

Signature: ______________________________

WITNESSES

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