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A Bank Transfer Authorization Letter is a crucial financial document used in the Indian banking system when an account holder needs to formally authorize their bank to transfer funds. This document is essential for both one-time and recurring transfers, providing the bank with clear, written instructions and authorization to execute fund transfers. It is particularly important in India's banking framework, where written authorizations are required for compliance with various regulations including the Banking Regulation Act, 1949, and RBI guidelines. The letter typically includes comprehensive details about the transfer, including account information, beneficiary details, and specific transfer instructions, serving as a legal record of the account holder's authorization. This document is commonly used in both personal and business banking contexts, providing a secure and documented way to initiate bank transfers while ensuring compliance with Indian banking regulations and anti-money laundering requirements.

1. Sender's Details: Full name, address, and contact information of the account holder authorizing the transfer

2. Bank Branch Details: Name and address of the bank branch where the account is held

3. Account Information: Account number, type of account, and other relevant account identifiers

4. Transfer Authorization Statement: Clear statement authorizing the bank to transfer funds, including the specific amount or nature of authorization

5. Beneficiary Details: Complete information about the recipient, including their name, bank details, and account number

6. Transfer Details: Specific amount, currency, and timing of the transfer

7. Authentication: Signature of the account holder and date of authorization