Power of Attorney for Banking Transactions

POWER OF ATTORNEY FOR BANKING TRANSACTIONS

This Power of Attorney is made on poa_date at place_of_execution

I, principal_name, son/daughter of principal_father, aged about principal_age years, resident of principal_address, holder of CNIC No. principal_cnic ("the Principal"), being of sound mind and full legal capacity, do hereby appoint and constitute attorney_name, son/daughter of attorney_father, resident of attorney_address, holder of CNIC No. attorney_cnic ("the Attorney"), as my true and lawful Attorney for the limited purposes set out below.

AUTHORITY GRANTED

1. SCOPE: I hereby authorise the Attorney to act on my behalf in respect of all banking transactions and dealings with the bank account(s) listed in Schedule A, namely Account No. account_number maintained at bank_name, branch_name ("the Designated Account(s)").

2. SPECIFIC AUTHORITIES: The Attorney is authorised to (a) operate the Designated Account(s), including making and receiving deposits and withdrawals; (b) sign and issue cheques, demand drafts, pay orders, and other negotiable instruments drawn on the Designated Account(s); (c) endorse cheques and other instruments received in my name; (d) initiate and authorise inter-bank transfers, online banking, and electronic fund transfers; (e) open and close fixed-term deposits; (f) renew or roll over fixed-term deposits; (g) operate any safe deposit box held in my name and access the contents thereof; (h) request and collect bank statements, certificates of deposit, and other documents; (i) communicate and correspond with the bank in connection with the Designated Account(s); and (j) sign any forms or undertakings required by the bank in respect of the foregoing.

3. EXCLUSIONS: This Power of Attorney does not authorise the Attorney to (a) close the Designated Account(s); (b) borrow money in my name or pledge the Designated Account(s) as security; (c) transfer ownership of the Designated Account(s) to any other person; or (d) make any gift or charitable donation from the Designated Account(s) save in accordance with my prior written instructions.

4. DURATION: This Power of Attorney shall be effective from effective_date and shall continue in force until expiry_date or until revoked in writing by me, whichever is earlier.

5. RATIFICATION: I hereby ratify and confirm all acts lawfully done by the Attorney in the exercise of the powers conferred by this instrument, and undertake to indemnify the Attorney against any loss arising from the bona fide exercise of the said powers.

6. REVOCATION: I reserve the right to revoke this Power of Attorney at any time by giving written notice to the Attorney and to the bank, in which event the Attorney's authority shall cease forthwith. Any transactions completed before such notice shall remain valid and binding.

7. NO POWER OF SUBSTITUTION: The Attorney shall not have the power to appoint any substitute attorney or to delegate any of the powers conferred herein to any other person.

8. EVIDENCE TO BANK: The Attorney shall produce a duly attested copy of this Power of Attorney to the bank for its records, together with such other documentation as the bank may reasonably require to verify the Attorney's identity and authority.

9. NO COMMINGLING: The Attorney shall keep all funds withdrawn from the Designated Account(s) separate from his / her personal funds and shall maintain proper records of all transactions undertaken on my behalf.

10. STAMP DUTY AND NOTARISATION: This Power of Attorney shall be executed on stamp paper of the prescribed value under the Stamp Act 1899 and shall be attested by a Notary Public / Oath Commissioner in accordance with the Powers of Attorney Act 1882.

11. GOVERNING LAW: This Power of Attorney shall be governed by and construed in accordance with the laws of the Islamic Republic of Pakistan.

SIGNED BY THE PRINCIPAL: _____________________________ principal_name, CNIC: principal_cnic ACCEPTANCE BY ATTORNEY: _____________________________ attorney_name, CNIC: attorney_cnic WITNESSES: 1. witness_1_name, CNIC: witness_1_cnic 2. witness_2_name, CNIC: witness_2_cnic NOTARY PUBLIC: _____________________________ notary_details