Which Indian bank has the best online corporate banking site for current accounts?

Request letter to transfer money to another account

To answer my own question, ICICI Bank gets a thumbs down.

I signed up with them for my startup and regret it.

Ive visited the branch a dozen times in the past month to get things going, but the latest road blocker is just ridiculous:,To transfer money to an account in any bank across India, I can add a payee online, confirm via the SMS code, and perform the transfer (via NEFT) immediately.

The process takes about 10 minutes for the first transfer and is instant otherwise (actual delivery takes a few hours or next working day).

nHowever, I cannot use this procedure to transfer to another ICICI account.

For that, I have to write a letter to ICICI Bank requesting authorization to transfer to a specific account number, disclaim all responsibility for misuse, then print this letter, stamp it with the company seal, and either deliver to the nearest branch or send a scanned copy to their corporate care email address.

A representative at the branch where I opened my account said this is for my safety.

They can cross-check the account numbers for ICICI accounts, but not for NEFT transfers.

,The end result is that it is far easier to transfer money to another bank than to an ICICI account holder.

,From my experience with a HDFC Bank savings account, they too demand paper forms to be submitted at a branch.

I suppose itll be the same for current accounts.

,Update: Additional reason to not use ICICI Bank.

If your company needs to pay service tax, you do it via NSDLs site where they ask you to pick the bank you have an account at.

Turns out ICICI Bank is authorized to collect taxes only in Mumbai, Delhi, Chennai and Hyderabad.

If you run a startup in Bangalore, you cannot pay taxes from your corporate or personal ICICI Bank account.

You have to transfer to HDFC or some other bank to pay.

,Update 2: After one an a half years with Yes Bank, they get a thumbs down too.

It took us one and a half years to convince them we really wanted to do NEFT transfers.

We went through the paperwork motions a total of three times, got locked out of our own account twice, both times for over a month each, and have been tossed around three or four account managers so far, each of whom is very concerned and wants to help but only ends up passing the baton.

Please dont do business with Yes Bank.

They are too busy signing up new accounts to care about existing ones.

Authorization letter to deposit money to my account

He can deposit the amount in your account if it is not in older currency.

,If it is in older denominations of 500 and 1000, unfortunately, you will have to deposit the bank yourself to deposit the amount or provide your father with an authority letter ( and an ID proof) to be able to do the same.

How to write authorization letter to bank on behalf

How do you write a bank authorization letter?Authorization letters are formal letters that empower somebody else to take actions on your behalf.

So in order to make a bank authorization letter, itu2019s important to empower someone with bank relates issues, for example in taking collecting or sign on documents, etc.

In order to let someone else claim the Bank Documents, Bankcards, etc, its important that you provide enough evidence of your own identity and also let the person that collects on your behalf brings his own information, in combination with a signature from yourself.

Consider the following Bank Authorization letter writing tips:Intonation; You need to have a friendly tone but still keep it official since you are probably writing to someone you already know.

,Dates; Make sure you specify the correct date so that the receiver can be aware of the dates you have delegated your authorities while you are away.

,Short and exact; Make sure you keep it short and have just plain words there that are unnecessary, the letter should be brief but informative enough so the one who is receiving the letter so that you understand it.

Be straightforward to the point.

,Informative; Be specific and informative.

Like all letters, you need to give detailed information.

In this specific authorization letter, you are required to give the full details of the individual(s) who are being given the authority too.

,Identification If you wish to write your own authorization letter, then make sure that the letter at least contains specific information regarding details, such as:,(passport) name of the person,,date of collection,,other ID information (birthday, place of birth, etc),period of authorization,,etc.

,Besides writing a letter from scratch.

Itu2019s easier to find and download a suitable authorization letter to claim documents, in order to give someone the authority, See below 2 examples of commonly used Bank Authorization letters:,Authorization letter sample is made to act on behalf to collect an ATM Card:As you described, you will not be able to pick up the ATM Debit Card by yourself.

So you must ask for permission to extend certain responsibilities and to properly introduce another person that will be replacing you on your behalf.

,Dear Manager of the Bank,,This is to authorize: [NAME AUTHORIZED PERSON] to claim a [DEBIT CARD / ATM CARD] from [NAME BANK] [with following features: if available expiry date, card number, etc],In your [LOCATION ie.

Bank, office] as I am currently not able to do it myself.

,To support my claim, I have appended two of my Identity cards, respectively:,[ID document #1]n[ID document #2],to serve as proof that I have allowed the bearer of this letter to claim the documents on my behalf.

,Kind Regards,,Sample:,Source: Authorization Letter to Claim ATM Debit CardOr:,Source: Authorization letter to claim bank documents sample letter:PLEASE UPVOTE IF THE ANSWER IS USEFUL FOR YOU!

Fund transfer Letter Format Word

From time to time I answer these guys and troll around just for fun.

This week I was contacted by a scammer who proved to be so entertaining it definitely takes the cake.

I decided to post the exchange here for your entertainment.

,I have not touched up the emails, they were copy/pasted as is.

,Its a bit long.

Enjoy:,From: MRS MICHELLE OBAMA,Subject: THIS IS LAST NOTICE!,How are you today?n nI am written to inform you about your Bank Cheque Draft brought by the United Embassy from the government of Benin Republic in the white house Washington DC which contains the sum of $20.

000.

000 millions us dollars credited from the bank of America, the delivery of your funds has been mandated to be deliver to your address on Friday being 28TH OF AUGUST 2015 to you as soon as you get back to me with your home address and your cell phone number.

,Bear in mind that I have taking my time to be in charge of your funds as instructed by my husband to ensure that you received your funds successfully from the white house to reduce the economy and Iu2019m the only one that has your funds in regard to my husband Mr.

Barack Hussein Obama II and you will have to pay the sum of $100 only before your Bank Cheque Draft will deliver to you on Friday, the reason why the fee is required is to have your funds clearance paper from the origin of the funds to avoid any harassment from the authority and you are also expecting to be announce as winner of the said amount by Friday as soon as your fund is delivered to you,So you are urgent advised to get back to me with your home address and also the payment information today for immediate effect of your delivery.

Note that the $100 is the only fee and final payment you have my assurance.

,However, according to our agreement with the originated Benin Republic, all our communications should be on email for record purpose so follow my instruction accordingly, even if you donu2019t have the $100 try to borrow it and send it immediately because this is your life opportunity and I donu2019t want you to lose the chance any more.

nPlease I will advice you to urgent make the payment this morning via western union or money gram money transfer to the listed cashier information as instructed you by the originated authority.

I will look forward to received your email today with the payment to enable the origin secure the required clearance papers required at White House Benin to deliver your funds.

Note that it will take only 14hrs to deliver your Bank Cheque Draft in receipt of the $100 payment.

nPlease find the payment data below to send the $100 via western union,Receiver Name: IKE FRANK,Country Benin Republic,City Cotonou,Question: Urgent,Answer: Needed,Amount: $100,MTCN reference number.

.

.

.

.

.

.

.

.

.

.

.

,Sender Name.

.

.

.

.

.

.

.

.

.

.

,senders Telephoneu2026u2026,Senders Address.

.

.

.

.

.

.

.

,I look forward to your respond to your email with the payment today.

,Regards,Mrs.

Michelle Barack,The White House,(Official Residence of the President of the US),1600 Pennsylvania Avenue NW,Washington DC 20500 USA,Now Ive had scammers impersonate all kinds of government officials in the past, but this is the first time the first lady herself reached out to me, and on behalf of her husband no less.

This was too sweet to pass up so I replied:,Wow I feel so honored that the first lady herself wrote to me on behalf of her most distinguished husband! I will send the money as soon as possible, is there a way to pay by credit card? I believe you have my address on file.

,The next day I got the the following:,THANKS FOR YOUR APPRECIATIVE YOU ARE REQUIRED TO SEND THE FEE THROUGHnWESTERN UNION OR MONEY GRAM.

,Please find the payment data below to send the $100 via western union,Receiver Name: IKE FRANK,Country Benin Republic,City Cotonou,Question: Urgent,Answer: Needed,Amount: $100,MTCN reference number.

.

.

.

.

.

.

.

.

.

.

.

,Sender Name.

.

.

.

.

.

.

.

.

.

.

,senders Telephoneu2026u2026,Senders Address.

.

.

.

.

.

.

.

,I look forward to your respond to your email with the payment today.

,Regards,Mrs.

Michelle Barack,The White House,(Official Residence of the President of the US),1600 Pennsylvania Avenue NW,Washington DC 20500 USA,I wasnt going to take the verdict lying down:,OK I understand, can I send it to Washington DC? The fees will be cheaper that way.

.

.

,At which point Michelle, apparently with her caps-lock key stuck, replied:,ATTENTION MY DEAR BECAUSE I GOT YOUR EMAIL RIGHT NOW ASKING IF YOU CANnSEN THE FEE TO WASHINGTON, AND MY ANSWER IS NO! AND THE REASON WHY YOUnARE TOLD TO SEND THE FEE TO BENIN REPUBLIC IS BECAUSE BENIN REPUBLICnWAS THE ORIGIN OF YOUR FUND SO TAKE NOTE THAT THE $100USD IS NOT FORnME SO THERE IS NO MEANS OF SENDING IT HERE IN USA,,PLEASE WITHOUT WASTING MUCH TIME, YO HAVE TO FOLLOW THE INSTRUCTIONnGIVEN TO YOU AND SEND THE MONEY DOWN TO BENIN REPUBLIC FOR OBTAININGnTHE CLEARANCE PAPER ON BEHALF OF YOU.

,THANKS FOR YOUR UNDERSTANDINGnBEST REGARD:nMRS MICHELLE OBAMA,At this point I decided to ratchet the game up a notch:,OK I will go down to western union after work today.

nBTW some of my friends wont believe me that I got an email from Michelle Obama herself, can you please send me a picture or something so I can prove it to them? Ill be really honored.

.

.

,To which I got the following heartwarming response (the caps-lock got unstuck, but now every word was capitalized):,ear I Got Your Email But I Was So Busy In My Office That Is Why I did Not Get Back To You As Soon As,n How Ever Your Email Was Well Understood, So you Have To Go And Send The Fee After You Come Back From Work So That Every Thing Will Be Finalize And You Will Get Your Cheque To Your Home Address.

nSecondly Coming To What You Stated That Your Friend Was Asking You For My Pictures So That They Will Believe On Reality, Please I want you To Be Very Careful About Friend Of Nowadays Because Some Of The Friends Now Did Not Want The Progress Of Their Follow Ones, So You Have To Be very careful And You Have To Stop Informing Them About Any Conversation Between Me And You Because House Enemy Is Is The Worst Enemy, They Might Be Trying To Convince You Just For You To Loose This Very Opportunity And Once They Do That, They Will Be searching For a Way To Contact Me Just To Claim What Does Not Belongs To Them.

So You Have To Stay Away From Friends Until You Receive Your Cheque And They Will Be surprise And WonderingnThe Attach You Are Seeing Are The scan Copy Of My DRIVERS LICENSE, And Also A proof Which I Made For You To Believe On The Reality And Not Your Friends.

nTHANKS FOR YOUR UNDERSTANDING, AM LOOKING FORWARD TO HAVE THE PAYMENT SLIP AS SOOM AS YOU COME BACK FROM WORK.

,u200bnu200bnu200b,u200bnu200b(hmmm, where did I see that picture before?),Well now that she assured me that she is not a scammer, truly it is my turn to take my end of the deal:,Help! I went to western union and the clerk wouldnt let me send the money order, he said it sounds like a scam, I tried calling the white houses main switchboard and the operator wouldnt connect me to you, I ran home to email you, please tell me what to do.

.

.

,I guess I should hhave known better, I got a stern rebuke:,HELLO MY DEAR I GOT YOUR EMAIL NOW, AND IT SOUNDS SO ROUGH TO ME.

nWHY WILL YOU BE DECEIVED BY SOMEONE ELSE? OR DID YOU TELL THEM WHAT ISnGOING?, NOTE THAT THIS WORLD WE ARE NOW PEOPLE DO NOT WANT THEnPROGRESS OF THEIR FOLLOW ONES.

nNOW ONCE THE CLERK TOLD YOU THAT I MRS MICHELLE OBAMA IS SCAM, THEN MYnQUESTION IS DID YOU BELIEVE ON WHAT HE/SHE TOLD YOU? YOU HAVE TO THINKnAS REASONABLE SOME ONES AND UNDERSTAND THAT PEOPLE ARE TOO JEALOUSnLIKE IO TOLD YOU EARLIER SO YOU HAVE TO BE KEEP YOUR MOUTH SHORT UNTILnYOU GET WHAT YOU ARE LOOKING FOR!nNOW AS YOU ARE TOLD BY THE JEALOUS CLERK THAT I AM SCAM ALL YOU HAVEnTO DO RIGHT NOW IS TO FIND ANOTHER WESTERN UNION NEAR YOU AND SEND THEnFEE OKAY BUT IF THEY DID NOT ALLOW YOU, TRY AND SEE SOMEONE TO HELPnYOU AND DONT INFORM ANY ONE ABOUT WHAT IS GOING, I HAVE TOLD YOU THATnEARLIER AND I WILL KEEP TELLING YOU THAT BECAUSE I HAVE EXPERIENCEnTHAT EARLIER.

nSO GO TO ANOTHER WESTERN UNION AND SEND THE MONEY DO NOT TELL ANY ONEnWHAT IS GOING UNTIL YOU RECEIVED YOUR CHEQUE.

nAM LOOKING FORWARD TO RECEIVE THE PAYMENT SLIP THANK YOU,And in case that wasnt clear enough, it was followed a minute later by the following:,LIKE IO TOLD YOU EARLIER SO YOU HAVE TO KEEP YOUR MOUTH SHORT UNTIL OU GET WHAT YOU ARE LOOKING FOR!,At this point life caught up with me and I got kinda busy at work, momentrily forgetting about my new presidential friend, my friend however did not forget and a few days later I received a worried email:,Does it means that you are no more interested of making the claim ofnyour outstanding fund US $20Million of yours which have successfulnchannel to Deliver to your Home Address and up till this moment younhave decided to remain silent after I have personally spending myntime to make sure that you receive your Bank Draft cheque With allndue respect, if you really know that you are no more interested ofnmaking this claim of your outstanding fund of yours kindly update mennow to cancel this Delivery since your negative thought does notnallow you to believe on the reality so send me a declaration letternstated that you are no more interested of making the claim so that Inwill cancel the transfer.

nthanks for your Understanding.

nBest regard:nMrs Michelle Obama,I decided to continue the game:,Wow calm down, it will just take me a little long to get to another western union.

It is farther away and I dont have a car, I have to arrange a ride.

.

.

,In case I thought the Obamas were finally able to afford a new keyboard, the next email showed me the presidential caps-lock was still stuck, and the bold was now on:,ATTENTION MY DEAR I GOT YOUR EMAIL STATING THAT IT WILL TAKE YOU LONG TIME TO LOCATE ANOTHER WESTERN UNION,nHOWEVER I WRITE TO INFORM YOU THAT YOU MADE A VERY BIG MISTAKE BY KEEPING ME SILENT SINCE AND THAT DOES NOT MAKE ANY SENSE, BUT I HAVE HEARD FROM YOU AND UNDERSTAND THE REASON WHY YOU KEEP SILENT SINCE SO YOU HAVE TO TRY AND LOCATE ANY ANOTHER WESTERN UNION AND SEND THE FEE TO ENABLE EVERYTHING GET DONE ONCE YOU SEND THE NEEDED PAYMENT SO THAT DELIVERY OF YOUR CHEQUE WILL HOLD IMMEDIATELY,nTHANKS FOR YOUR UNDERSTANDING AM LOOKING FORWARD TO HEAR FROM.

nBEST REGARDnMRS MICHELLE OBAMAI decided enough trolling and finally send the money:,OK here is the info for the money order:nReceiver Name: IKE FRANKnCountry Benin RepublicnCity CotonounQuestion: UrgentnAnswer: NeedednAmount: $100nMTCN reference number: 13641562 [I googled the format]nSender Name: [fake name]nsenders Telephone: [fake number]Senders Address: [fake address]nPlease let me know when it is received so that we can arrange the rest of the deal.

.

,Within hours I got the bad news:,HELLO MY DEAR HOW ARE YOU DOING AND HOW IS YOUR FAMILY?nI WRITE TO INFORM YOU THAT I RECEIVED THE PAYMENT DETAILS WHICH YOPUnSENT TO ME, HOWEVER I WANT YOU TO UNDERSTAND THAT I HAVE CONTACTED MRnIKE FRANK FOR PICKING UP THE FEE, UNFORTUNATELY MR IKE FRANK MADE ITnCLEAR TO ME THAT EACH WESTERN UNION DOWN IN BENIN REPUBLIC STATED THATnTHERE IS NOT FUND.

nSO ALL I WANT YOU TO DO NOW IS TO CHECK AND KNOW WHERE THE PROBLEM WASnMADE SO THAT YOU WILL CORRECT IT AND RESEND THE THE FEE TO ENABLEnEVERY THING GET DONE ONCE, SECONDLY AS SOON AS YOU CONFIRM THE MISTAKEnPLEASE MAKE SURE THAT YOU DO ATTACH ME THE PAYMENT SLIP OF THE FEE FORnPROPER UNDERSTANDING.

nAM LOOKING FORWARD TO HEAR BACK FROM YOU SO THAT THIS ISSUE WILL BEnSOLVE AT ONCE.

nBEST REGARD:nMRS MICHELLE OBAMA,I decided to bring the trolling up to level 3:,I see now, so thats how it will work? I guess my friends were right, you are not Michelle Obama you are just a scammer!nIf I dont get my 100 dollars back from you I will personally call the FBI and interpol.

Im sure it will make great headlines in the news to hear that Michelle Obama scammed an American citizen out of 100 dollars.

.

.

,To which I got the very un-first-lady-like response:,What A hell are you talking? Kindly Go Back to the western union wherenyou send the money And make clear to them.

Are you Mad? What isn$100usd? kindly go back to the western union And tell them what isngoing so that they will Make you clearly.

nSecondly before talking rubbish from your mouth you have to Track thenMoney Online And see the result,nthanksnMrs Michelle Obama,Followed 10 minutes later by:,YOU MUST BE STUPID! WHO ARE YOU? I WILL FIRST REPORT YOU TO THE FBInNOW BECAUSE I HAVE ALL IT CAN TAKE ME TO DO THAT, WHY ARE YOU ME TnAFTER BECAUSE OF $100USD WHICH WAS NOT FOR ME.

nAS A REASONABLE SOMEONE THAT WANTS TO MAKE THE CLAIM OF HIS FUND YOUnHAVE TO GO BACK TO THE WESTERN UNION WHERE YOU MADE THE PAYMENT ANDnTELL THEM WHAT IS GOING SO THAT THEY WILL KNOW WHERE THE PROBLEM CAMEnFROM AND YOU ARE BUSY HERE SAYING NONSENSE ARE YOU MAD?,Followed 10 minutes later by:,why must you talk rubbish while you are Not truly right What Will I Do with your $100usd? Am just trying to Make sure that you receive your Approved fund That was brought to the White House And you and disgracing me Just Because Of $100usd And upon That You are Telling that you will report Me to the FBI While The FBI Are working Under My Husband Government.

nPlease Let That Not Happen Ever Again! Kindly Contact the western union clerk And Ask Him/ she where he post the Money Or You Instructed him/ To send the Money through western union Than Using Money Gram,nAm looking forward to hear from you.

,I decided some putting in place was in order:,Wow relax, that is not a way for the first lady to talk!nI will call Western Union and try to work out where the money is.

,Which I followed up with:,OK I just got off the phone with Western Union, the lady on the line said that the transaction was flagged because lately there were a lot of fraudulent wires to Benin.

n I assured her that this was a legitimate transaction and explained her that the first lady herself is involved here.

n She was very understanding and willing to help but said the system wont let her release the funds unless there was evidence that it is a legitimate transaction.

nShe suggested that you send me a letter, on the Whitehouse letterhead, explaining the situation and as soon as I send it to her she will release the money.

,Michelle didnt appreciate that:,The Lady Must Be stupid And tell her to give me her Contactninformation, secondly Am Above this your inability Process If You ArenNot Sure That You Are Dealing With The i The First Lady Please You GetnOff And I will Cancel the Delivery.

,I had to placate her:,Please calm down I believe you, she just said that the system wont let a flagged transaction through unless evidence is provided.

She wants to help me but the computer is blocking it without evidence.

All we need is a letter on the Whitehouse letterhead with your signature.

,I guess I was asking for too much:,And i told you that Am Not in position of that And by the way i haventold you several times to stop telling people what is Going On UntilnYou receive Your fund, do it Or Not Am not in the position to do thatnyou request if you wish not to claim your fund i will give it to thencharity Organisation And that is The best way Am going to do rightnNow.

nIf you wish to send the fee Tell the Clerk that I Mrs Michelle Obamanhave the every right to treas their location And get them close.

,That sounded strange, if she photoshopped the license and my name on to a note, why couldnt she get a letterhead?:,You are not in the position to send a letter on the Whitehouse letterhead? You are the first lady.

nI didnt want to tell her but she said that because it was flagged for fraud she cant release the funds unless I explained to her where and why I was sending the money.

nI dont understand why you are getting angry at the poor girl, she is just doing her job, surely it cant be too difficult to email me a letter.

.

.

,I guess not:,How Many Times will I explain You That this Is Not scam? last time i take a picture with a sign for you to know that you are dealing with the rightful person, i Dont Have to do a bitch Thing with your $100usd tell the lady to send the Money to Benin republic using IKE FRANK And you Have to know that You are Not sending the Money to me so why is She so interested to know All That ?.

nPlease My Dear Its Impossible i cant accomplish your mission for that if you need your fund then you tell the lady that the $100usd is not for Me rather its for Benin republic Embassy.

And tell the lady to Give Me her contact Information.

,I didnt get it:,I told you, it wasnt for me, I believed you, it was just so the computer will let it through, however now Im starting to get suspicious, if you are Michelle Obama why cant you get a letter? You have to admit that sounds strange.

.

.

,I finally got somewhere:,u200bnu200bnu200bnu200bnu200b,Well, not exactly what I was hoping for:,Something must have gone wrong, I didnt get the letter, just your husbands signature.

,So she sent this:,The White House,(Official Residence of the President of the US),1600 Pennsylvania Avenue NW,Washington DC 20500 USA,http://www.

zazzle.

com/the_white_house_letterhead-199132271950178242.

,The link is to a website that sells various stationary, including one called The White-House Letterhead.

That obviously wouldnt do:,There seems to be a misunderstanding, I dont need a link to buy the letterhead, I need a letter ON the letterhead.

.

.

,Apparently out First Lady is not the brightest bulb in the pack.

.

.

:,so what is the essence of requesting for the letter-head?,Me, being the ever patient teacher that I am, obliged:,So like that they know the letter came from the White-House.

,Apparently this was too much for Mrs.

Obama:,Its Impossible My Dear Collect Your Money And seek for Another Westernnunion if you Cannot Afford That Please You forget About the delivery,nthanks for your understanding.

,At this point I sort of had enough:,That is very strange, if the first lady cant get a letter on the Whitehouse letterhead then I am starting to think that this may be a scam like everyone is saying.

nIf I dont get a letter by the end of today I will call Western Union to return the money to me and I will report your ip address to the FBI and interpol.

,That seemed to get the First Lady nervous:,I will first report you to the FBI and go and claim your money fromnthe western union Now!,I kept my cool:,You can report me, I have done nothing wrong, you, on the other hand, have committed a serious crime by impersonating the wife of the President of the United States, that is a crime that carries at least 5 years in prison, I have forwarded your IP address to the FBI and Interpol,nAll the best!nEnjoy your life.

,That is the last I heard from my new friend.

The FBI hasnt come knocking on my door yet, though if Michelle Obama ever decides to go running for president in the future, Hillary Clintons email scandal will be nothing compared to what I have on Mrs.

Obama.

.

.

;-)

Memo to transfer funds

Short answer: No.

Such posting or validating/blocking of funds is not available in the ACH system.