The Authorization Letter For Transfer Money To Another Account is a critical banking document used in India when an account holder needs to formally authorize their bank to transfer funds to another account. This document is essential in situations where direct transaction execution by the account holder is not possible or when formal authorization documentation is required by the bank. It must comply with Indian banking regulations, including the Banking Regulation Act, 1949, and RBI guidelines. The letter typically includes comprehensive details about the source and destination accounts, transfer amount, validity period, and necessary verifications. It's commonly used for both one-time and recurring transfers, serving various purposes from personal banking to business transactions. The document's format and content are designed to meet Indian banking security requirements while providing clear, unambiguous authorization for the specified transaction.

1. Date and Place: Current date and location where the letter is being written

2. Bank Manager Details: Name and address of the bank branch manager/institution to whom the letter is addressed

3. Subject Line: Clear indication that this is an authorization for money transfer

4. Account Holder Details: Full name, address, contact information, and account number of the person giving authorization

5. Recipient Account Details: Full name, bank details, and account number of the person receiving the transfer

6. Transfer Details: Specific amount to be transferred, both in numbers and words

7. Authorization Statement: Clear statement authorizing the bank to execute the transfer

8. Validity Period: Duration for which the authorization remains valid

9. Signature: Space for account holder's signature and date