HC calls for training to bank officials to identify signatures of accountholders
The Hindu
Taking serious note of the fact that the savings of two senior citizens were swindled by using forged signatures, the Madurai Bench of the Madras High Court has observed that it is the duty cast upon
Taking serious note of the fact that the savings of two senior citizens were swindled by using forged signatures, the Madurai Bench of the Madras High Court has observed that it is the duty cast upon the banks to verify the signatures of account holders and then clear the instrument for encashment. Perusing the signatures, Justice B. Pugalendhi observed that even a layman with his naked eye can tell that the signatures varied drastically. The court took serious note of the fact that signatures were sent to a private lab for verification. Such practice needs to be deprecated.
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