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An Authority Letter for Bank Statement is a crucial document in the Indian banking system that serves as a formal authorization instrument. It is commonly used when account holders need to delegate the authority to obtain their bank statements, either to their representatives or when submitting statements to various institutions for official purposes. The document is governed by multiple Indian legislations, including the Banking Regulation Act, 1949, and the Indian Contract Act, 1872. It's essential for various purposes such as visa applications, audit requirements, loan processing, or business documentation. The letter must contain specific details including account information, authorization scope, and validity period to be legally valid and acceptable to banking institutions. This document type reflects the formal requirements of Indian banking procedures while providing a secure way to authorize access to sensitive financial information.

1. Date and Place: Current date and place of execution of the letter

2. Bank Details: Complete name and address of the bank branch where the letter is addressed

3. Subject Line: Clear indication that this is an authority letter for bank statement

4. Account Holder Details: Full name, address, and account number of the account holder

5. Authorization Statement: Clear statement of authorization, specifying who is being authorized

6. Purpose: Specific purpose for which the bank statement is required

7. Time Period: Specification of the time period for which the bank statement is required

8. Closing: Formal closing with signature block and account holder's signature