¶¶Òõ¶ÌÊÓƵ

The Authorization Letter For Salary Transfer To Another Account is a crucial document in Pakistani banking operations, designed to facilitate the systematic transfer of salary funds between accounts. This document becomes necessary when an employee needs to automatically direct their salary payments to a different account, whether for personal financial management, loan repayments, family support, or other financial obligations. It must comply with Pakistani banking regulations, including the Banking Companies Ordinance 1962 and Anti-Money Laundering Act 2010. The letter serves as a formal instruction to the bank, protecting both the account holder's interests and the bank's liability by clearly stating the transfer details, authorization period, and all necessary account information. This type of authorization is commonly used in various scenarios, such as directing funds to family members' accounts, loan repayment arrangements, or personal savings accounts.

1. Date and Place: Current date and location where the letter is being written

2. Bank Details: Name and branch details of the bank where the salary account is held

3. Account Holder Details: Full name, employee ID, and current account details of the salary account holder

4. Transfer Instructions: Clear specification of the amount/percentage of salary to be transferred and the recipient account details

5. Authorization Statement: Explicit statement authorizing the bank to transfer the specified funds

6. Duration: Period for which the authorization is valid (permanent/temporary)

7. Signature and Contact Information: Account holder's signature, contact number, and email address