ca.bhupendrashah (FCADISA) 07 August 2008

two signatures

can a bank refuse to record two types of signature?

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7 Replies

Srinivas.B.S.S.T ( Advocate) 07 August 2008

Yes

smith sharma (lecturer) 07 August 2008

yes .bank always refuse to record 2 type of sign.

Mis smith sharma

KANDE VENKATESH GUPTA (ADVOCATE) 08 August 2008

Yes, it is the prerogative of the bank. It can refuse the 2nd signature

mohammad aarif khan silawat (lawyer) 09 August 2008

yes, but that person give a affedavit to bank, that two type of signature of same persons

R.VENKATESAN (ADVOCATE) 09 August 2008

Now as per the RBI guidelines, the bank is supposed to have the details of their respective customers under Know Your Customers (KYC). In the said procedure, the customer can only adopt one mode of signature and the customer cannot hold two kinds of signatures. Thus bank will not accept two kinds of signatures.