An Authorization Letter For Bank Withdrawal is a crucial document in Pakistani banking operations that enables account holders to delegate their withdrawal rights to trusted representatives. This document is commonly used when account holders are unable to perform banking transactions personally due to travel, illness, or other commitments. It must comply with Pakistani banking regulations, including the Banking Companies Ordinance, 1962, and Anti-Money Laundering Act, 2010. The letter typically includes detailed identification of all parties, specific authorization limits, validity period, and necessary declarations. Banks in Pakistan require this document to be properly witnessed and often notarized to prevent fraudulent transactions and ensure legal compliance. The authorization can be issued for single or multiple transactions, with specific validity periods ranging from one-time use to longer durations.

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

2. Bank Details: Complete name and address of the bank branch where the account is maintained

3. Account Holder Information: Full name, address, and account number of the person giving the authorization

4. Authorized Person Details: Complete identification information of the person being authorized to make the withdrawal

5. Authorization Statement: Clear statement of the authority being granted, including the specific powers and transaction limits

6. Transaction Details: Specific amount authorized for withdrawal or whether it's a recurring authorization

7. Validity Period: Clear specification of the duration for which the authorization is valid

8. Declaration: Statement confirming that the authorization is being given willingly and in sound mind

9. Signature Block: Space for signatures of the account holder, authorized person, and witnesses