For Mandate

(To be given on the letterhead of the Partnership Firm)
Partnership Letter
Date_____________
We are currently the only partners of, _______________________________________________

(Name & address of the Firm)
_____________________________________________________________________________
_________ ("the Firm'') and carry on business in co partnership.
We request you, Kotak Mahindra Bank Limited______________________________ Branch (‘the

Bank’) to add / delete name of ___________________ (< Full Name and Designation >) as an
authorized signatory in Account no. ________________ of our Partnership firm < Name of firm >
held with < Name of Branch >. We declare that if we are registered as a firm under the Indian
Partnership Act, 1932 we shall furnish you with a certified copy of the Certificate of Registration.
We confirm we have read the understood the Terms & Conditions applicable to such Account,
products, and services relating thereto including products and services offered through any
channel, including but not limited to its website and phone banking channels and shall always be
bound by and abide with them and their amendments from time to time.
The account will be operated by the following Jointly/ Severally/ Any other mode of operation (pls
specify) ___________________
Mr./Ms._______________________________ (Designation)__________________________
(Particulars)
(Particulars)
(Particulars)
We hereby authorize _______________________ and ____________________ (Give name and

designation) to open, operate and close the said account(s) and to place Term Deposit(s) in the
name of the Firm for any tenure and to prematurely withdraw the said Term Deposit(s).
We wish to avail of the Net Banking, Phone Banking, Debit Card and Payment Gateway offered
by Kotak Mahindra Bank and we have read the terms and conditions
applicable to these services and accept the same.
We hereby authorize
Mr./Ms._______________________________ (Designation)
to avail of the Net Banking, Phone Banking, Debit Card and Payment Gateway offered by the
Bank as outlined in the form prescribed by the Bank
THAT the Firm nominates the below mentioned partner/s (Hereinafter referred to as the
‘maker/s’) to initiate the tax payment transaction/s in net banking by inputting the required data.
Mr. ________________________ }
Mr. ________________________ }
Mr. ________________________ }
Mr. ________________________ }
KMBL/Mar-2021/V 1.0
THAT the Firm nominates the below mentioned partner/s (Hereinafter referred to as the
‘checker/s’) to authorize or cancel the tax payment transaction/s that have been initiated as per
the preceding paragraph.
Mr. ________________________ }
Mr. ________________________ } ________________
Mr. ________________________ }
Mr. ________________________ } ________________
We also undertake to inform the Bank 15 days in advance in case any of its authorised
signatory’s Net Banking, Phone Banking, Debit Card and Payment Gateway access needs to be
revoked. We will not hold the Bank responsible if it does not comply with the aforesaid term.
We hereby authorise the Bank to mail/courier the Debit Card and other enabling access such as
PIN, password, etc. to the attention of the person(s) authorised as above at the mailing address
recorded with the Bank.
We here by also agree that for all existing investment accounts, including but not limited to 2 Way
Sweep facility, or to be opened in the future will be accessible on Net Banking and transaction
rights, if applicable, will be available subject to the authorized person having unconditional
authority and having executed and granted a Power of Attorney / Mandate, as applicable, in favor
of the Bank and it is here by declared that on behalf of partnership firm, Mr./
Ms._________________________________________________________________ is here by
granted the powers and rights to execute such Power of Attorney / Mandate, as applicable in
favour of Kotak Mahindra Bank Limited [the Bank] in the form and manner stipulated by the Bank,
from time to time.
We request and authorise you, until any one of us shall give you notice in writing to the contrary,
to honour operations and institutions under the signature(s) of our aforesaid Authorised
Signatories in respect of operation of the Account including through channels by the Firm with the
Bank and for all cheques, guarantee or other orders, which may be drawn or bills accepted or
notes or negotiable instruments passed on the Firm’s behalf or receipts for money owing by you
to the Firm and to debit such cheques, guarantees, orders, bills notes or negotiable instruments
to the Firm’s Account(s) with you whether such Account or Accounts be for the time being in
credit or overdrawn, in consideration of which we agree to be jointly and severally responsible for
payment of any such overdraft and interest.
We undertake:
(a) to inform the Bank in writing whenever any change occurs in the constitution of the Firm.
(b) to be responsible for payment of all debts and liabilities of the Firm and/or its successors and
assigns incurred, or purported to have been incurred, on behalf of the Firm by any one of us, or
by any other partner, member or person interested therein, or by an agent, manager or other
person purporting to act on behalf of the Firm and/or its successors and assigns, whether actually
authorised or not, in connection with any transactions, business dealing, matter or thing
whatsoever, including any guarantee given assuring the liability or obligation of any person, firm
or company.
(c) that in the event of the death or retirement of any partner of the Firm, the Bank shall be
entitled, at its discretion, to deal with the surviving or continuing partner or partners, as the case
may be and release the securities, if any, held by the bank for its dues, to such surviving or
continuing partner or partners against receipt of any such amounts as it may in its discretion
consider proper, without in any way affecting its right to recover the balance of its dues from the
retiring partner or the heirs and legal representatives of the deceased partner.
KMBL/Mar-2021/V 1.0
Our undertaking and liability as aforesaid shall continue notwithstanding any change in the
constitution or membership of the Firm and/or its successors and assigns or its dissolution for any
reason whatsoever, and even if we or any of us cease to be partners or members or to have any
interest in the Firm, till such time that any or all of us gives you written notice of such event, in
which case the partner/s so giving notice shall continue to be liable in respect of all transactions
and dealings existing prior to or at the date of the receipt by you of such written notice.
Names of all the Partners Signatures
1. ______________________________________ ___________________
2. ______________________________________ ___________________
3. ______________________________________ ___________________
4. ______________________________________ ___________________
5. ______________________________________ ___________________
6. ______________________________________ ___________________
KMBL/Mar-2021/V 1.0

For Mandate

Uploaded by

Copyright:

Available Formats

For Mandate

Uploaded by

Document Information

Original Title

Copyright

Available Formats

Share this document

Share or Embed Document

Sharing Options

Did you find this document useful?

Is this content inappropriate?

Copyright:

Available Formats

For Mandate

Uploaded by

Copyright:

Available Formats

(To be given on the letterhead of the Partnership Firm)

We are currently the only partners of, _______________________________________________

We request you, Kotak Mahindra Bank Limited______________________________ Branch (‘the

We hereby authorize ___ and (Give name and

Names of all the Partners Signatures

You might also like