JOINTHINDUFAMILYLETTER

...
The
STATEBANKOFINDIA
.
DearSir,

The businessof. carriedonin

thefirmnameandstyleof..........
at..andinthefirmnameandstyle
ofat..
.istheancestralbusinessofthejointHindufamilygovernedbytheMitakshara/DayabhagaLawof
which I/We, the undersigned
..am/arethepresentKarta(s)orManagingMember(s)and
wetheundersignedarethepresentadultmembers.Astheaforesaidbusinessbythenaturethereofcannotbecarried
onwithoutbankingfacilities,wearedesirousofhavingbankingfacilitieswiththeStateBankofIndia.

Fortheconvenientconductofthebusinessofthefirm,thefollowingmembers,viz:
1) ____________________________________________________________________________
2) ____________________________________________________________________________
3) ____________________________________________________________________________
4) ____________________________________________________________________________

are authorized jointly or severally to represent and give and sign on behalf of the said joint family business any
mortgage,charge,pledge,hypothecation,billofexchange,promissorynote,hundiorotherdocument,requiredbythe
Bankinconnectionwithsuchbankingfacilitiesandshallhavefullunrestrictedauthoritytobindallthemembersofthe
jointfamilyhoweverconstitutedfromtimetotimeinrespectofallkindsofbankingfacilitieswhichmaybeaffordedto
thejointfamilyfirm.

IntheeventoftheBankaccedingtoourrequestandopeninganaccountinthefirmnameofthesaidfamily

businesswetheundersignedundertake,withtheintentionofbindingnotonlythepresentmembersofthesaidjoint
family(bothadultsandminors)butalsoallfuturemembersthereinandourselvespersonallyandourrespectiveinterest
inthejointfamilypropertiesaswellasourseparateestates.
1) Whenever any change occurs in the managership or in the nature of the said ancestral business or in the
constitutionofthesaidjointfamilyorsaidancestralbusinesscausedbythedeathofacoparcenerwhetheror
notresultinginasharedevolvingonhiswidoworwidowsorbythebirthofacoparcenerorifatanytimeanyof
us desire to give up or sever his connection with the said ancestral business or if we desire to close the said
ancestralbusinessorifanyminormemberofthesaidfamilyattainsmajority,togivenoticethereoftoyouat
onceinwritingandthat,
2) until receipt of such notice by you and whether any provisions of the Indian Partnership Act 1932 or any
statutorymodificationorreenactmentthereofshallapplyornot,theBankshallbeentitledtoregardeachofus
aspartnersinrespectofalldealingsortransactionswiththeBankwhichmaybefoundtobeoutsidethescope
of the said ancestral business and that such dealings and transactions shall be binding on each of us as such
partnerandourrespectiveestatesandthat
3) notwithstanding any provisions of the said Act or any statutory modification or reenactment thereof any
change in the membership of the said firm all acts purporting to be done on behalf of the said joint family

businessbeforetheBankshallhavereceivednoticeinmanneraforesaidshallbebindingonthesaidjointfamily
anditspropertiesandoneachofusandofourrespectiveestatesandtheliabilityofthesaidfirmandofeachof
us and of our respective estates shall continue until all liabilities in respect of such acts shall have been
discharged.
Thenamesanddatesofbirthofthepresentminormembersoftheaforesaidjointfamilyaregivenbelow:

Yoursfaithfully,
1. ...
(Name)

(Signature)

Karta

2. ...
(Name)

(Signature)

3. ...
(Name)

(Signature)

4. ...
(Name)

(Signature)

5. ...
(Name)

(Signature)

6. ...
(Name)

(Signature)

*PARTICULARSOFTHEMINORMEMBERSOFTHEJOINTFAMILY
NameFathersNameDateofbirth