A letter must be written to the bank to issue a pay order. The letter is usually written along with the manager. But you can also send the letter to any other superior person if you want. If you go and collect the pay order yourself, no one else's name needs to be authorized. But if you want to collect through a representative, then you have to issue a letter with his name, national identity card number, signature, photo attested if applicable. Pay order issue has various advantages like- For MS Word Download please click this link
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Carrying Pay-Orders is seamless. There is no plagiarism in it. Even if it is stolen, the thief can withdraw money from here. no It is usually issued within a specific city. And deposit rules are mentioned in specific branches of the bank. You can withdraw a large sum of money through a pay order. It is hassle free, once the pay order is issued the bank is responsible for making the payment.
A letter must be written to the bank to issue a pay order. The letter is usually written along with the manager. But you can also send the letter to any other superior person if you want. If you go and collect the pay order yourself, no one else's name needs to be authorized. But if you want to collect through a representative, then you have to issue a letter with his name, national identity card number, signature, photo attested if applicable.
Pay orders are issued in two ways, one is cash payment and the other is account payment or account pay. Pay orders are usually issued by the company through banks, but many jobs in Bangladesh require pay orders. The tender process includes provision for submission of pay orders. The bank may charge a small fee for issuing the pay order. It is done either by contract with the company or by custom. Pay order letters are usually written in a Microsoft program (Word), you can use a digital alternative if you prefer, or they can be submitted by hand. A pay order letter usually,
- -The date
- -Recipient's Name (if applicable) Designation, Bank Name, Address etc,
- -matter/Subject,
- -Details of sender, name, address, account number, reason for issue,
- Name, National Identity Card number, signature (attested by sender), photograph etc. in case of nominee representative,
- -Reason for pay order,
- -number of pay orders,
- -Amount of money in pay order
- -Date of withdrawal,
- -Request for quick transaction of money,
- -Sender's name, signature, bank account name etc. should be there.
Here is a sample pay order letter:
1.
November 22, 2022
The Manager,
Mutual Trust Bank Ltd.
MTB Centre Corporate Branch,
26, Gulshan Avenue, Dhaka-12l2.
Subject: Issuance of a Pay-Order for an amount of BDT 3,13,666/-(BDT Three Lac Thirteen Thousand Six Hundred Sixty Six) only favoring "The DCT, Taxes Circle 261, Zone12, Dhaka" on Account of Khan Bahadur Ataullah.
Dear Sir,
Please issue a Pay Order favoring "The DCT, Taxes Circle 261, Zone-12, Dhaka" on Account of Khan Bahadur Ataullah for an amount of BDT 3,13,666/-(BDT Three Lac Thirteen Thousand Six Hundred Sixty Six) only by debiting my Account No. 0047-0310040005....
I hereby authorize Mr. Khan Bahadur Rafiqullah bearer of this letter to receive the Pay Order and his
specimen signature is duly attested below for your reference.
Thanking you,
Khan Bahadur Ataullah.
Account No. 0047-0310040005....
Specimen signature of Khan Bahadur Rafiqullah …………………..
Attested …………………
2.
Date: 19 February, 2019
Ref no. SHTD-JamunaIBBL/2019/64
The Head of Branch I Relationship Manager
Brac Bank
Limited Agrabad Branch, Chittagong ,
Subject : Issuance of Pay-order.
Dear Sir, Please
arrange to issue a Pay-order favoring "Jamuna Oil Company Ltd. , A/C: SHTD" for an amount of Taka 3,33,984/= (Taka Three
lac thirty three thousand nine
hundred eighty four) only by debiting our Company's A/c. bearing
the No. 1501201198223...1 maintaining with your bank and handover the Pay-order to the bearer of this
letter Mr.Abul Khair whose specimen signature is duly attested below.
Thanking you,
For: A. K. Khan &
Company Limited
Authorized Signature Authorized Signature
Signature of Mr. Abul Khair Attested.
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