Hi Rajesh This will be like signing all the cheque leaves and expecting the blind person to take care of it. Would any able bodied person accept such a situation? This will certainly be unacceptable. Besides, it won't give any security to the banks as the blind customer is forced into a situation which is intrensically liable for cheating. This would be a very bad guidelines. A more sensible approach which will provide both security and comfort both to the customer and the blind is that the bank may seek confirmation by phone whenever they have doubt about the genuineness of the signature on the instrument.
If the customer has high volume of cheque use then the banker knows the patterns of change of signature and can use the phone option when in need. If the volume is low, anyway it should not be a big financial drain. This can be a prudent practise and this should not go as guidelines. Now a days insisting of carrying a phone is not a big deal. I understand, Some banks are already exercising this option. So, in the guidelines, we can leave it to the banks to draw their own safeguards. This could be one option, there could be more and we can keep room for it. Harish. ----- Original Message ----- From: "Rajesh Asudani" <[EMAIL PROTECTED]> To: <accessindia@accessindia.org.in> Sent: Friday, July 04, 2008 5:57 PM Subject: Re: [AI] Bank Guidelines > Worries in attestation clause are two: > > 1. risk of theft and misuse; > > It can be easily tackled by safe custody which is the responsibility of > customer anyway when it comes to credit card etc. and issuing stop payment > instruction immediately upon such an occurrence. > > It should be weighed against forgery which would be prevented effectively by > attestation clause and ease in passing cheques by bank officials without > leniency etc. > > 2. Something enterim becoming permanent in India. > > Well, it is the fault of system, and biometric technology may take much > longer to be universally installed and used than is being envisaged here. > And, even if a beneficial measure is firmly entrenched, we may gradually drag > it out in favor of ease of other technology which will be eventually realized > by one and all. Many detrimental practices have gained firm ground in indian > system, many enterim measures like reservations for Certain casts have become > "basic structure" of polity, so to say! So even if attestation becomes firmly > rooted, at least it is not going to harm us. I am sure biometric technology > would eventually phase it out. > > To sum up, twin advantages of preventing forgery by combating inconsistency > of signature and relieving bankers of unnecessary anxiety about accounts of > VI, do outway harms of possible theft and permanence of practice which may be > forestalled by stop payment instructions in first case and enlightened > petitions in later. Forgery on one hand is clearly liability of bankers from > which they endeavor to save their skin and largely undetectable unless it has > already caused damage, unlike theft which comes to notice of owner easily and > with preventable damage. > > Rest I leave to you all, but please do not misinterpret me or assume that I > merely write for semantic jugglery and merit only the slightest > consideration, if at all!!! > > I am, at present unaware of any other objections to my suggestion as those > having them have chosen not to enlighten me about them, if put publicly on > this list or mailed to me in private, I will be in a position to endeavor to > answer them only when the stipulated time would have expired, as I am leaving > for weekend. > > Rajesh > > -----Original Message----- > From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED] On Behalf Of Pamnani > Sent: Friday, July 04, 2008 4:37 PM > To: accessindia@accessindia.org.in > Subject: [AI] Bank Guidelines > > Hi Friends, I have incorporated most of the suggestions. There is one issue > on which I want some brain storming. > This is regarding cheques issued by the visually impaired. > In the general guidelines I have suggested that banks should introduce > biometric verification or seals etc. > > Now to be honest most banks dont have a system to verify at present and > cannot do so for atleast 6 months. > So what do we do in the interim for cheques which have thumb impression and > for cheques on which signature does not tally. I had said there should be > some leniency during verification. > > I have received a suggestion from one member that banks should be asked to > attest our signature or thumb impression when they give us our cheque book. > So the empty chequeswith only our signature and the attestation will be lying > with us. > The worry is that we can lose the cheque book and that someone can fill up > details and withdraw from our account. > The other problem is that our cheques look different and that all banks would > insist on it. > If we do think of attestation then it will be as an interim measure until > biometric. You all know in India to get this attestation out of the system it > will take 5 yearts and something which is interim will become permant. > > So should I put in this attestation clause or leave it now and let the IBA > suggest it if necessary and deal with it then? > > Need feedback by 9.30 am Monday morning. > Come on lets start the debate. > Kanchan > Kanchan Pamnani > Advocate & Solicitor > 9, Suleman Chambers, > Battery Street, Colaba, > Mumbai - 400 039. > > > Join Access India convention: For updates on it visit: > http://accessindia.org.in/harish/convention.htm > > To unsubscribe send a message to [EMAIL PROTECTED] with the subject > unsubscribe. > > To change your subscription to digest mode or make any other changes, please > visit the list home page at > http://accessindia.org.in/mailman/listinfo/accessindia_accessindia.org.in > > Notice: The information contained in this e-mail > message and/or attachments to it may contain > confidential or privileged information. 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