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June 4th, 2016, 02:26 PM
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Power Of Attorney Format For Union Bank Of India
Hello sir is there any one can provide me form of Power Of Attorney Format for Union Bank of India? The Union Bank of India is provides for NRI candidates. NRI can appoint a Power of Attorney holder to make local payment from his NRE / NRO a/cs. and also investments on his / her behalf. Power Of Attorney Format for Union Bank of India Restrictions imposed on the Power of Attorney: A Power of Attorney holder cannot do the following acts: Open and close NRI a/cs. in the name of NRI Repatriate funds from a/c. in the form of DD/TT etc.., unless specified in P.A. Give gifts. Transfer funds to NRE accounts other then that of Principals Cannot raise loans/execute documents on behalf of NRI Cannot tender FC/FCTC Power of attorney formalities: Stamping/franking of rs.200/- To be signed by the account-holder To be witnessed by a third person Photo of person in whose favour the “power of attorney” is given. Poa holder to sign across the photo Power of attorney to be notarised Pan card copy and proof of address, self attested by holder of power of attorney. Occupation of poa holder to be mentioned on copy of pan card Last edited by Neelurk; February 11th, 2020 at 08:52 AM. |
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