Sample Authorization Letter to RBI for Depositing Old Rs.500 / 1000 notes

Would like to deposit the old Rs. 500 / Rs. 1000 notes that you have in your hand with the help of others? Then you may probably require giving an authorization letter to the bank through the person you send for depositing the old notes. Read the sample authorization letter to RBI for depositing old Rs.500 / 1000 notes.

Before going to the letter format, you should know what is authorization letter. It is a letter in which you give power to other person to do action on behalf of you. This authorization letter can be used in many situation. Here, we are speaking about authorization letter to bank. Let us come to the point. Suppose if you are not able to go to bank for depositing your old Rs.500 and Rs.1000 notes, then you may seek others help to deposit them. But the bank will ask authorization letter from the person you send for you. It is important to note that beyond the sum of 2000 rupees, the old notes will only be deposited in your account, not able to exchange. As per the latest news, old notes can be deposited in RBI after 30th December 2016 upto to 31st March 2017. The deposit of 500 and 1000 rupee notes in local bank will end on 30th December 2016. However, you can exchange old currencies upto Rs.2000 per person at the counters of RBI. Here's the sample authorization letter to RBI for depositing old Rs.500 / 1000 notes through your friends or relatives.

Sangeetha V
5/96 North Street
TN, India.

The Bank Manager
Reserve Bank of India RBI
Chennai, TN, India.

Respected sir.
Sub: Authorization letter for depositing old 500 and 1000 rupee notes in my account.
I am a customer of Indian Overseas Bank in Virdhunagar. I want to deposit old Rs.500 / 1000 notes upto Rs.30000/- in my account. As my local bank refuses to accept the old currencies, I want to deposit them through RBI. However, I am not able to come in person due to my work. Hence I authorize my friend ___________ (name here) to deposit old notes in my account. Kindly accept this authorization letter for depositing old notes. My account number in my local bank is ________________________ (Write full 15 digit account number). I have attached the copies of my passbook and Aadhaar card.
Thanking you!

Yours truly,
Sangeetha V

Date: ________ (Put the date of writing here)
Place: __________ (Put the place of writing here)

Note: The information given above are used for writing this letter format only. Users are required make changes in the appropriate places to make this letter fit for them.

Article by Jebaprincy
Jebaprincy is a Civil Engineer graduated from Government College of Engineering, Tirunelveli. She is very enthusiastic in computer networks as she learnt some basic HTML during her school studies. She has been active in ISC since 2011 and an editor as well. She loves writing online for the welfare of internet community during her free time. You can contact her via Social Networks Facebook and Google+.

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