Debit Authorisation SheetAuthorisation for Debiting the current Accounts / savings Accounts for Bank Charges & Undertaking for

the payment of interest in case of occurrence of Debit balances.

To,The Branch Manager/ DP-Executive,Kotak Mahindra Bank Ltd,5th Floor, Vinay Bhavya Complex,159-A CST Road, Kalina,Santacruz (E) Mumbai: 400 098.

I / We ………………………………………………………………………………........................................…………………………………………………………………………………………………………………Residing at…………………………………………………………………………………………….............……………………………………………………………………………………………………………………………………………………………………………………………………………………………………maintain a saving Account/s/Current Account/s (“the mentioned Accounts”) with KOTAK MAHINDRABANK LTD. A Banking company incorporated and registered under the companies Act, 1956 and havingits registered office at Nariman Bhavan, Nariman Point, Mumbai 400021 hereinafter called as “the bank”(which expression shall/ unless it be repugnant to the context or meaning thereof mean and include itssuccessors in title) at its Nariman point branch, Nariman Point at Mumbai. The said account is at …….......………………………………branch and the Savings / Current Account no. is ……………………………...I / We authorise the bank to debit the said account for the service charges payable by the below mentionedpersons also:SR NO. NAME OF DEMAT ACCOUNT HOLHER / S DEMAT ACCOUNT NUMBER

I / We hereby authorise the bank to debit all types of bank charges / commission fees (“Service Charges”)payable by me / us to Said Account / s. I / We undertake that sufficient balances shall be maintained in theSaid Accounts to facilitate the debiting of Service Charges. The failure on part of me / us to maintainsufficient balances in the said Account shall not any way impair the right of the Bank to Debit the ServiceCharges. I / We hereby further authorise the Bank to charge any interest on Debit balance in the saidAccounts due to the debiting of Service Charges.

The Bank shall not be obliged to provide overdraft facility on the said account but for towards the debitingof Service Charges payable by us / me. I / We specifically agree and confirm that any matter or issuearising hereunder shall be governed by and constructed exclusively in accordance with the Indian laws andshall be subject to the jurisdiction of the courts of Mumbai in India.

SIGNED AND DELIVERD: SIGNATURE / S

NAME: ____________________________ ____________________________

NAME: ____________________________ ____________________________

NAME: _____________________________ ____________________________

WITNESSED BY:

NAME: ____________________________ ____________________________

NAME: ____________________________ ____________________________