An Authorization Letter For Withdrawal Of Savings is a crucial document in Qatari banking operations that enables account holders to authorize third parties to access their savings accounts. This document becomes necessary when account holders cannot personally conduct banking transactions due to travel, illness, or other circumstances. Under Qatari law, particularly the Qatar Central Bank Law and Civil Code, such authorizations must be properly documented and authenticated to be legally valid. The letter must specify the authorized person's details, account information, withdrawal limitations, and validity period. It serves as a legal protection for all parties involved - the account holder, the authorized person, and the bank - by clearly defining the scope of authorization and the terms under which it operates.
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1. Letter Date and Place: The date and location where the authorization letter is being written
2. Bank Details: Complete name and address of the bank where the savings account is held
3. Account Holder Information: Full name, ID/passport number, and contact details of the account holder
4. Authorized Person Information: Full name, ID/passport number, and contact details of the person being authorized to make withdrawals
5. Account Information: Savings account number and type of account
6. Authorization Statement: Clear statement of the powers being granted for withdrawal of savings
7. Validity Period: Specific timeframe for which the authorization is valid
8. Signature Block: Space for account holder's signature, witness signatures, and notary attestation
1. Withdrawal Limits: Specify maximum amount that can be withdrawn per transaction or period, used when the account holder wants to set specific financial limits
2. Special Instructions: Any specific conditions or instructions for withdrawals, used when there are particular requirements or restrictions
3. Revocation Clause: Terms for revoking the authorization before the end date, used when flexibility for cancellation is needed
4. Purpose Statement: Specific reason for granting the authorization, used when the purpose needs to be documented for bank compliance
5. Emergency Contact: Alternative contact information in case of issues, used when additional security measures are desired
1. Identity Documents: Copies of valid ID/passport of both account holder and authorized person
2. Proof of Account: Recent bank statement or account ownership document
3. Specimen Signature: Official specimen signature of the authorized person for bank verification
4. Witness Details: Information and ID copies of witnesses if required by bank
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