AUTHORITY TO OPERATE A BANK ACCOUNT
(A limited banking mandate. Not a general power of attorney.)
Executed on 1 April 2026 at Pune (Andhra Pradesh).
NOTE TO THE BANK AND TO BOTH SIGNATORIES
This authority records the terms agreed between the Account Holder and the Operator, and is given to the Bank in support of a mandate request. It does not replace the Bank's own mandate form, specimen-signature card or KYC formalities, and the Bank may require all of those before the Operator is allowed to operate the Account. This is not a joint account, not a nomination and not a transfer of the money in the Account. The Operator receives authority to act. The Operator receives no ownership of a single rupee.
- THE PARTIES
1.1 Account Holder: Sunita Ramesh Deshpande, W/o Shri Ramesh Deshpande, aged 71 years, resident of X, holding Aadhaar no. XXXX XXXX 4417 (referred to below as "the Account Holder", "I" and "me").
1.2 Operator: Aditi Sunita Deshpande, D/o Shri Ramesh Deshpande, aged 38 years, resident of X, holding Aadhaar no. ABCDE1234F (referred to below as "the Operator").
1.3 Relationship of the Operator to the Account Holder: Spouse.
Email address for notices to the Operator: X.
- THE ACCOUNT
2.1 Bank: State Bank of India ("the Bank").
2.2 Branch: Deccan Gymkhana Branch, 1234 JM Road, Pune 411004 ("the Branch").
2.3 Account: the Savings Bank account bearing account no. 3012 4456 7789, IFSC SBIN0001234, held at the Branch ("the Account").
2.4 The Account is held jointly. The other holder or holders of the Account are Ramesh Vasant Deshpande. They join in this authority and sign it below to record their consent, and every reference below to my instructions is to be read as the instructions of all holders.
- WHY I AM GIVING THIS AUTHORITY
3.1 My purpose is this: I am 71, recovering from a hip replacement and unable to travel to the branch. My daughter will pay my household bills, medical expenses and society maintenance from this account until I can attend the branch again.
3.2 The Operator must use the Account only for that purpose, and for nothing else.
- WHAT THE OPERATOR MAY DO
4.1 Subject to clauses 5 and 6, I authorise the Operator to do the following on the Account, and nothing beyond it: pay in cash and cheques, withdraw cash by cheque or withdrawal slip, and obtain statements, passbook entries and cheque books.
4.2 Mode of operation: Singly. The Operator may sign and give instructions alone, without any second signature.
4.3 Every cheque, instruction, form or instrument that the Operator signs under this authority must be signed in a form that shows the Operator is signing for me and not personally, such as "Aditi Sunita Deshpande, authorised to operate account no. 3012 4456 7789 for Sunita Ramesh Deshpande", or in whatever form the Bank prescribes.
4.4 Payments to the Operator. Except for any fee recorded in clause 9 and paid in the manner stated there, the following applies: Where the Operator is authorised to make payments under this authority, the Operator may draw a cheque or make a transfer in the Operator's own favour only to reimburse expenses actually incurred for the Account Holder, and only against receipts produced to the Account Holder.
- WHAT THE OPERATOR MAY NOT DO
The Operator has no authority, and must not attempt, to do any of the following:
(a) close the Account, or transfer it to another branch or another bank;
(b) make, change or cancel any nomination on the Account, or add or remove any account holder;
(c) apply for or use any loan, overdraft, credit card or other credit facility, or create any pledge, lien or security over the Account or over any deposit;
(d) break, renew or alter any fixed or recurring deposit linked to the Account;
(e) change the mobile number, email address, postal address, KYC records or internet or mobile banking credentials registered on the Account, or register any new device or channel;
(f) operate any safe deposit locker, demat account, trading account or insurance policy;
(g) open any new account, or make any investment, in my name;
(h) give any guarantee, indemnity or undertaking in my name;
(i) appoint a substitute, sub-agent or further attorney, or delegate this authority to anyone. The authority is personal to the Operator, and s.190 of the Indian Contract Act, 1872 does not permit its delegation here;
(j) do anything in relation to immovable property, or anything in any tax, court, tribunal, company or regulatory matter. Clause 12 explains why;
(k) use, ask for, or hold my debit card, ATM PIN, internet or mobile banking user ID or password, security token, or any one-time password sent to me. I must not give the Operator any of these. Any electronic transfer the Operator is authorised to make must be made by written instruction signed at the Branch in the form required by clause 4.3, or through a channel the Bank has itself issued to the Operator in the Operator's own name as mandate holder. Sharing cards, PINs, passwords or one-time passwords breaches the Bank's terms and forfeits my limited-liability protection for unauthorised electronic transactions.
- LIMITS ON WHAT MAY BE DRAWN
6.1 The Operator must not draw on the Account beyond the cleared balance available in it. Only the limits actually set out in this clause apply: where no figure is stated below, this authority imposes no cap of its own on the size or the number of transactions, and the protection that a cap would give is not present.