Guys, please have a look at this Gift Deed format and let me know if okay.
I, XXXX W/o XXXXX, R/o House number – XXXXX, do hereby on XXXX, 2018 make a gift-deed for a gift made of INR. XXXXXX (In Figures ONLY) through cheques (on different dates listed below) out of love and affection to my Son XXXXX, R/o TXXXXX.
I confirm that I am a resident of India. I, further confirm that this gift is being made out my own funds standing to the credit of my A/c number XXXX in XXXXX under the name of XXXXX
I, further confirm that the consideration for this gift is the love and affection for my son XXXXX and no other considerations. I further confirm that the gift has been made through cheque.
Cheque No: XXXXX
Amount: INR. XXXX (Figures only)
Dated: XXXXX
Drawn on: Payer Bank Information
In favour of: Payee Name and Bank Information
Cheque No: XXXX
Amount: INR. XXXXX (Figures only)
Dated: XXXXX
Drawn on: Payer Bank Information
In favour of: Payee Name and Bank Information
This gift is irrevocable, and I have no claim left whatsoever on the said gifted amount and he is free to utilise the funds in any manner.