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ANNEX 3 VENDOR CREATION / MAINTENANCE / DIRECT CREDIT Authorization FORM Info comm Development Authority of SingaporeInstructions : 1 Please complete Part I and forward this form to your bank for
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How to fill out direct credit authorisation form

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How to fill out direct credit authorisation form

01
Begin by downloading the direct credit authorisation form from the official website or request a copy from the relevant institution.
02
Fill in the personal details section including your name, address, contact information, and any other required identification details.
03
Provide your bank account information, including the account number and the name of the bank.
04
Specify the frequency and start date for the direct credit authorisation. This is where you indicate how often the payments should be made and when they should begin.
05
If there are specific conditions or instructions relating to the direct credit, ensure that they are clearly outlined in the designated section.
06
Review the form to ensure all the information provided is accurate and complete. Make any necessary corrections or additions.
07
Sign and date the form at the bottom to authenticate the authorisation.
08
Submit the completed form to the appropriate institution or hand it over to your employer or the organization initiating the direct credit.

Who needs direct credit authorisation form?

01
Anyone who wishes to receive regular payments, such as salary, pensions, or benefits, directly into their bank account, may need to fill out a direct credit authorisation form.
02
Employers often require employees to fill out this form to establish a direct deposit of their wages.
03
Individuals who receive government benefits or pension payments may also need to complete this form to receive their funds directly into their bank accounts.
04
Furthermore, individuals who want to make regular payments, such as for loan repayments or subscriptions, through direct debit can use this form to authorize the transactions.
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Direct credit authorisation form is a document that allows individuals or companies to authorize a financial institution to make direct payments from their account to another account.
Any individual or company that wants to set up direct credit payments needs to file the direct credit authorisation form.
To fill out the direct credit authorisation form, one must provide their personal or company information, details of the recipient account, and authorize the financial institution to make direct payments.
The purpose of the direct credit authorisation form is to streamline the payment process and ensure that payments are made directly from one account to another.
The direct credit authorisation form must include personal or company information, details of the recipient account, and authorization for the financial institution to make direct payments.
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