Power of Attorney for Bank Account: Format and Bank Checklist
Banks are cautious with powers of attorney. Many have their own forms, and most will register the power in their system before the agent can operate the account. Use this format when the bank accepts a deed of your own, and as a checklist when it does not.
Bank power of attorney format
Non-judicial stamp paper or e-stamp certificate of value Rs. ______________ as applicable in the State of ______________
E-stamp certificate No. ______________ Date of issue ______________
Stamp duty depends on the State and the type of document. Confirm the correct value before printing.
POWER OF ATTORNEY
for operation of bank account
I, Ramesh Kumar Sharma, S/o Late Shri Mohan Lal Sharma, aged about 58 years, residing at Flat 302, Shanti Residency, Navrangpura, Ahmedabad, Gujarat 380009, holding PAN ABCPS1234K, maintain Savings Account No. XXXXXXXX4521 (the "Account") with State Bank of India, Navrangpura Branch, Ahmedabad (the "Bank").
I appoint Suresh Kumar Sharma, S/o Late Shri Mohan Lal Sharma, aged about 52 years, residing at 12, Gulmohar Park Society, Satellite, Ahmedabad, Gujarat 380015, my younger brother (the "Attorney"), to do the following in respect of the Account:
- To operate the Account, including signing cheques, withdrawal slips and transfer instructions, subject to the rules of the Bank.
- To deposit cash, cheques and drafts into the Account.
- To obtain account statements, passbook updates, interest certificates and other information about the Account.
- To submit KYC updates and documents relating to the Account on my behalf where the Bank permits.
The specimen signature of the Attorney is given below for the records of the Bank. I agree that all transactions done by the Attorney within the scope of this deed shall bind me. I will inform the Bank in writing if I revoke this power.
Specimen signature of the Attorney: ______________________
Signed at Ahmedabad on 14 October 2026.
WITNESSES
1. Name: ______________
Address: ______________
Signature: ______________
2. Name: ______________
Address: ______________
Signature: ______________
Attested before me on ______________
Name of Notary ______________ Registration No. ______________
Seal and signature of Notary ______________
Drafting note: Most banks have their own power of attorney or mandate forms and may insist on them. Ask the branch before you execute this deed.
Registration, if required: Sub-Registrar office ______________ Document No. ______________
Before you sign, ask the branch
- Does the bank accept a power of attorney for this account type, and does it have its own form?
- Must the principal and agent visit together, or can the agent register it alone?
- Does the bank need the deed notarised, registered, or attested by an Indian mission (for NRIs)?
- Which IDs and photographs of both people are needed?
- Will the bank allow online banking, debit cards or locker access for the agent, or only branch transactions?
Field guide
| Field | What to write | Tip |
|---|---|---|
| Bank and branch | Bank name and the branch where the account is held. | One deed can list several accounts, but each bank registers it separately. |
| Account | Account type and masked number. | Mask all but the last four digits on copies. |
| Powers | Operate, deposit, statements, deposits, KYC. | Untick fixed deposit powers if not needed. |
| Specimen signature | The agent signs on the line. | Banks compare this with the signature on cheques. |
Do
- Mention each account clearly.
- Ask for an acknowledgement when the bank registers the power.
- Tell the bank in writing when you revoke it.
Do not
- Let the agent close the account unless you mean it.
- Share net banking passwords; a power of attorney is not a reason to share credentials.
- Assume one bank’s acceptance means another will accept the same deed.
Frequently asked questions
Can a power of attorney holder withdraw money?
Yes, if the deed gives the power to operate the account and the bank has registered it. Some banks restrict cash withdrawals or online access for agents.
Is a bank power of attorney different from a mandate?
A mandate is usually a bank form authorising someone to operate one account. A power of attorney is a wider legal instrument. Banks decide which they accept.
Can an NRI give a power of attorney for an NRO account?
Yes, subject to the bank’s rules. The deed signed abroad usually needs attestation by an Indian mission or notarisation with apostille, and stamping in India. See the NRI page.
Please note: these templates are for general information and are not legal advice. Laws, stamp duty, notarisation and registration rules vary by State. Consult an advocate for your case. This is an independent website, not a law firm and not a government office.