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I (Account Holder Name) hereby authorize you to debit my/our account for
making through NEFT/Auto Debit to various parties as per the details below:
Account Type
Account Number
Account Name
TO ACCOUNT DETAILS:
I/we hereby declare that the particulars give above are correct and complete. If the transaction is delayed or
not effected at all for reasons of incomplete information, I would not hold the user institution responsible.
The bank is authorized to effect the standing instruction of Debiting my/our account along with prescribed
charges until cancelled in writing by me/us.
In accepting the standing instruction it is clearly understood the bank will not be responsible for not carrying
our instructions on account of (i) insufficient balance in the account on the prescribed date and
(ii) Circumstances beyond bank’s control.
I/we understand that the provisions of Section 25 of payment and settlement systems Act, 2007 (Similar to
section 138 of Negotiable Instruments Act, 1881) shall apply to dishonour of electric funds transfer).
SIGNATURE OF CUSTOMER
MANAGER
ACKNOWLEDGEMENT
Date: MANAGER