Authorization Letter For Bank Deposit Template for Indonesia

The Authorization Letter For Bank Deposit is a crucial document in Indonesian banking operations that enables account holders to delegate deposit-making authority to a trusted representative. This document becomes necessary when account holders need to authorize others to make deposits on their behalf, whether due to business operations, personal circumstances, or practical considerations. It must comply with Indonesian banking regulations, including Law No. 10 of 1998 on Banking and the Financial Services Authority (OJK) requirements. The letter typically includes comprehensive identification details of all parties involved, specific authorization scope, validity period, and any applicable conditions or limitations. This document is particularly important for businesses handling regular deposits, individuals unable to make deposits personally, or situations requiring delegated banking authority while maintaining account security and regulatory compliance.

1. Letter Header: Date, bank's name and address, and reference number if applicable

2. Subject Line: Clear indication that this is an Authorization Letter for Bank Deposit

3. Account Holder Details: Full name, address, ID number (KTP/passport), and account number of the principal account holder

4. Authorized Person Details: Full name, address, and ID number (KTP/passport) of the person being authorized to make deposits

5. Authorization Statement: Clear statement of the powers being granted, specifically the authority to make deposits into the specified account

6. Duration of Authority: Validity period of the authorization (start date and end date if applicable)

7. Signature Block: Space for account holder's signature, name, and date