APPLICATION FOR CORPORATE NET BANKING
Annexure - 2

SPECIMEN OF MANDATE TO BE SUBMITTED BY PARTNERSHIP FIRMS FOR CNB
FACILITY

A copy of the Terms and Conditions for Corporate Net Banking (which is also available at the web
site address of the bank) has been made available to the Firm.
Partnership Firm do avail the Corporate Net Banking Services for the account(s) opened with
Indian Bank in the name of the Firm at various locations (with a single CIF) at its various
branches and the Firm accepts all the terms and conditions of the Indian Bank and further do
accept such terms and conditions, regulations, stipulations laid down by Indian Bank from time to
time for this purpose.
The following official/s is / are hereby __________ (indicate singly or severally or jointly )
authorized to accept, sign, execute, deliver and complete all documentation, agreements and
abide by the modifications in order to apply for and avail the Corporate Net Banking facility
provided by INDIAN BANK.
The following official/s is / are authorized to appoint the user(s) for various roles including
Account Administrator and to provide mandate to the Bank to operate all the accounts /
selected accounts mapped to them on behalf of the Firm through Corporate Net Banking Services
including causing a debit balance in company’s account(s) with Indian Bank and / or continue to
operate the account (s) even when overdrawn as per the access specifications provided to the
Bank.
S.No. Name of the authorized person (partner) Designation & signature
All the transactions done by the mandated users through the Corporate Net Banking are
authorized and will be binding on the Firm. The Firm does agree to hold Indian Bank harmless for
providing access to carry out the transactions.
The Officials authorized by the Firm to present the mandate to the Bank for transacting on the
account will appoint an Account Administrator (who will be single point of contact between the
Firm and the Bank) to verify / monitor the veracity of the transactions put through Net Banking.
The application form be duly filled and handed over to the Bank under the signature of the
Officials authorized in this Resolution. The role level mapping of the various hierarchies of users
for the firm under the CNB, with specified powers for viewing, initiating and or approving
transactions in a single or multiple levels has the desired authority by this Resolution.
Further as an internal control measure, the Firm will create a user with no transaction powers
(and preferably one who is not an account administrator and could be an internal auditor) to
present the daily transaction reports to appropriate supervisory authority. Errors, if any, found in
the transactions revealed during daily monitoring will be forthwith brought to the notice of the
Bank
Further we, the partners, do hereby confirm and accept that the risk factors relating to CNB have
been duly explained to us by the Bank and we hereby consent to the same.
We, the partners, on behalf of the firm shall not hold the Bank responsible for any Conversion or
any misuse of the net Banking facility availed by the Firm.
Signatures of all the partners
Any modification of the mandates shall be by a fresh Mandate issued by the Firm to be followed
by intimation to the Bank, enclosing the copy of the Mandate.