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LETTER FOR RUNNING ACCOUNT (This is a NonMandatory Document & at the sole desecration of Client/Constituent) To IIT INVESTMENT LIMITED 14E, 2nd FLOOR, RAJA BROADER MANSION, 28 BOMBAY SALAZAR MARY,
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How to fill out running account authorisation
How to fill out running account authorisation
01
To fill out running account authorisation, follow these steps:
02
Start by writing the name of the account holder at the top of the form.
03
Next, provide the account number associated with the running account.
04
Indicate the purpose of the authorisation, whether it's for making payments or for fund transfers.
05
Specify the duration for which the authorisation is valid.
06
Sign and date the form to confirm your consent.
07
Make sure to review the information thoroughly before submitting the authorisation form.
Who needs running account authorisation?
01
Running account authorisation is typically needed by individuals or organizations who want to grant access to their running accounts for specific purposes.
02
This includes individuals who wish to authorize someone else, such as a family member or accountant, to make payments or perform transactions on their behalf.
03
Similarly, businesses may require running account authorisation to assign authority to their employees or agents to carry out financial operations.
04
Banks and financial institutions also rely on running account authorisation as a formal consent for executing transactions on behalf of their customers.
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