The Disbursement Authorization Form is a crucial financial instrument used in the Indian banking and financial services sector to facilitate authorized fund transfers. This document is essential when an individual, company, or organization needs to formally authorize the release of funds to one or more beneficiaries. It is commonly used in situations ranging from vendor payments to salary disbursements, and from investment transfers to loan distributions. The form must comply with Indian banking regulations, including RBI guidelines, KYC norms, and anti-money laundering regulations. It typically includes comprehensive information about the authorizing party, beneficiary details, bank account information, and specific payment instructions. The document serves both as a authorization tool and an audit trail for financial transactions, making it particularly important for corporate governance and regulatory compliance in India.
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1. Authorization Header: Form title, date, and reference number for tracking
2. Authorizer Details: Full name, address, and contact information of the person/entity authorizing the disbursement
3. Beneficiary Information: Complete details of the recipient including name, address, and contact information
4. Bank Account Details: Beneficiary's bank account information including account number, IFSC code, bank name and branch
5. Disbursement Details: Amount to be disbursed (in figures and words), purpose of disbursement, and payment method
6. Authorization Statement: Clear statement authorizing the disbursement with specific terms and conditions
7. Verification Section: KYC reference numbers, identity proof details, and any other verification requirements
8. Declaration: Statement confirming the accuracy of information and accepting terms
9. Signature Block: Space for authorizer's signature, date, and company seal if applicable
1. Recurring Payment Details: Include when authorization is for recurring disbursements, specifying frequency and duration
2. Multiple Beneficiary Schedule: When disbursement needs to be made to multiple beneficiaries
3. Foreign Exchange Details: Required for international disbursements, including exchange rate considerations
4. Internal Approval References: For corporate disbursements requiring internal approval codes or references
5. Cancellation Terms: Terms for canceling or modifying the authorization, included for long-term or recurring disbursements
1. Schedule A - Payment Schedule: Detailed breakdown of payment dates and amounts for recurring disbursements
2. Schedule B - Supporting Documents: List of attached supporting documents like invoices, purchase orders, or contracts
3. Appendix 1 - KYC Documents: Copies or references to submitted KYC documents
4. Appendix 2 - Terms and Conditions: Detailed terms and conditions governing the disbursement authorization
Relevant legal definitions
Authorizer
Beneficiary
Disbursement Amount
Payment Instruction
IFSC Code
Bank Account
Authorized Signatory
Business Day
Cut-off Time
Electronic Fund Transfer
NEFT
RTGS
IMPS
UPI
Payment Date
Processing Fee
Transaction Reference Number
Value Date
Standing Instruction
KYC Documents
Regulatory Authority
Force Majeure
Banking Hours
Payment Channel
Verification Documents
Disbursement Schedule
Authorization Period
Cancellation Notice
Processing Bank
Remitting Bank
Beneficiary
Disbursement Amount
Payment Instruction
IFSC Code
Bank Account
Authorized Signatory
Business Day
Cut-off Time
Electronic Fund Transfer
NEFT
RTGS
IMPS
UPI
Payment Date
Processing Fee
Transaction Reference Number
Value Date
Standing Instruction
KYC Documents
Regulatory Authority
Force Majeure
Banking Hours
Payment Channel
Verification Documents
Disbursement Schedule
Authorization Period
Cancellation Notice
Processing Bank
Remitting Bank
Clauses
Authorization
Payment Details
Bank Account Information
Verification Requirements
Processing Instructions
Documentation Requirements
Regulatory Compliance
Fees and Charges
Cancellation Rights
Amendment Provisions
Force Majeure
Governing Law
Dispute Resolution
Notices
Representations and Warranties
Data Protection
Electronic Processing
Standing Instructions
Multiple Beneficiaries
Currency Conversion
Processing Timeline
Liability Limitation
Indemnification
Confidentiality
Payment Details
Bank Account Information
Verification Requirements
Processing Instructions
Documentation Requirements
Regulatory Compliance
Fees and Charges
Cancellation Rights
Amendment Provisions
Force Majeure
Governing Law
Dispute Resolution
Notices
Representations and Warranties
Data Protection
Electronic Processing
Standing Instructions
Multiple Beneficiaries
Currency Conversion
Processing Timeline
Liability Limitation
Indemnification
Confidentiality
Relevant Industries
Banking & Financial Services
Corporate Treasury
Insurance
Real Estate
Manufacturing
Information Technology
Retail
Healthcare
Education
Construction
Professional Services
Government & Public Sector
Non-Profit Organizations
Relevant Teams
Finance
Treasury
Accounts Payable
Banking Operations
Financial Control
Compliance
Accounting
Payment Operations
Corporate Finance
Financial Planning & Analysis
Relevant Roles
Chief Financial Officer
Finance Manager
Treasury Manager
Accounts Payable Manager
Financial Controller
Banking Relations Manager
Payment Operations Manager
Finance Director
Compliance Officer
Accounting Manager
Treasury Operations Specialist
Financial Analyst
Corporate Finance Manager
Banking Operations Manager
Finance Administrator
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