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On Letterhead of proprietorship firm
Date:
To,
DBS Bank India Ltd.
As the firm of ________________________________________________________, carrying on
business of _______________________________ at _______________________________ and
elsewhere (hereinafter referred to as “the firm”), maintains bank account(s) and may from time to time open and/or maintain other bank account(s) (the “Bank Account”) with DBS Bank India Limited (“the Bank” / “DBS Bank”).
I, the undersigned, declare that I am the sole proprietor carrying on business in the name and
style of the captioned firm and am solely responsible for the conduct of the affairs of the firm.
I, the undersigned, hereby request you to open a Current AND/ OR Fixed Deposit account AND/OR EEFC Account in the name of the Firm. That should the current account of the Firm with the Bank become overdrawn, I shall be liable for the repayment of said overdraft and the Bank's usual interest thereon and for all Bank charges, if any, in connection with the operation of the account.
I, the undersigned hereby apply to avail and singly view/access/transact/make/operate the EB (electronic banking) services in respect of the Bank Account.
The Bank be and is hereby authorized to make Fixed Deposits, honour cheques, Bills of Exchange, Promissory Notes, and all other instruments, instructions whatsoever for the payment of money drawn, signed, accepted or made on behalf of the Firm drawn upon or made payable with the Bank and to honor any orders to withdraw any or all moneys on any deposit account or accounts of the Firm at the Bank and any or all securities or other property of the Firm in their hands at the Bank and to act on any instructions with regard to any accounts at the Bank whether in credit or overdrawn or any transactions of the Firm with the Bank, provided that such instruments or instructions are signed by the undersigned and/or operated through the mode of internet banking offered by DBS Bank for operation of the account from time to time.
I agree to execute such deeds, documents and other writings as may be necessary or required for the purpose of availing the electronic banking services of the Bank and to execute all such documents as are necessary, in connection therewith, and to accept and adhere to all the terms and conditions as are necessary and comply with all other formalities as prescribed by DBS Bank in this regard.
I accept the terms and conditions contained in the application form and as displayed on the
Website in regarding the provision of products and services offered by DBS Bank and agree to such changes and modifications in the said terms and conditions as may be
suggested by DBS Bank from time to time.
I further undertake that I shall advise you in writing of any change that may take place in the constitution of the firm resulting from my taking a partner in my business, its sale or disposal or my ceasing to have any interest in the firm, in any of which event I will be liable to you on any and all obligations and receipt by you of such notice and until all such obligations and liabilities shall have been liquidated or discharged.
Yours faithfully,
___________________________
Name & stamp
................
................
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