Hello,
My sister has account in SBI. They have credited less interest due to mistake of one of their staff. They have accepted that mistake has been done from their side but they are not ready to give interest. I want to proceed this case to managerial level but my sister don't have time from her work.
Can I represent my sister with Power of Attorney & handle further case.
If yes please suggest me the format of PoA.
Thanks in advance.
Yes. You can have POA. do the work on behalf of your sister. Why POA is required for this simple rectification ? Online also she can submit her grievance to the higher authorities in the bank. or www.bankingombudsman.rbi.org.in
Yes, you can represent your sister by obtaining a Power of Attorney (PoA), which will legally authorize you to act on her behalf in dealing with the bank regarding the interest issue. The PoA should clearly mention the details of her account, the specific authority being granted to you, and the purpose of handling this matter with the bank. To make it valid, your sister needs to sign it, and it should be attested by a notary public. It’s a good idea to consult a civil attorney or use a reliable PoA template to ensure everything is properly drafted and legally compliant.
T R SOOD & CO
New Delhi
CA Inter
View Details
R P S K & Associates
Nashik
CA Inter
View Details
CAclubindia
