The Letter To Bank For Change In Authorised Signatory is a crucial document used when an organization needs to update its authorized signatories for banking operations in India. This change might be necessitated by various circumstances such as employee departures, new appointments, organizational restructuring, or changes in company policies. The letter must comply with Indian banking regulations, particularly the Banking Regulation Act, 1949, and should be accompanied by supporting documentation including board resolutions and KYC documents. This document is essential for maintaining proper banking operations and ensuring smooth transition of banking authorities while maintaining security and regulatory compliance. It serves as the formal communication channel between the organization and the bank, documenting the removal of existing signatories and the addition of new ones.

1. Letter Header: Company letterhead with complete registered address and contact details

2. Bank Details: Complete name and address of the bank branch, including the account number(s)

3. Subject Line: Clear indication that this is a request for change in authorized signatory

4. Reference Details: Account numbers and any previous correspondence references

5. Current Signatory Information: Details of existing authorized signatory(ies) including names and designations

6. New Signatory Information: Details of new authorized signatory(ies) including names, designations, and specimen signatures

7. Reason for Change: Brief explanation of why the change is being requested

8. Authorization Statement: Reference to the board resolution or relevant authority approving this change

9. Request Statement: Formal request to the bank to process the change

10. List of Enclosures: Mention of all supporting documents attached with the letter