Upgrad LLM

ni act

general manager(finance)

It is a common practice amongst public sector banks to get the account introduced at the time of opening by an existing account holder. My question is : what is the liability of an account holder if he introduces the account.

 
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Works In Judicial Department

To my knowledge, there won't be any liablity on the introducer. If the customer indulges any fraud with the bank and escapes from the area, the introducer may questioned with regard to the address and antecedents of the Customer, whom he has introduced.

 
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Senior Law Officer

The purpose of getting the account introduced by an existing account holder is only to identify the person and his address. There is no libility attached to such introduction except that the introducer verifies the identity and then address of the new account holder.

 
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advocate

There is no liability of inroducer of accont holder,execpt the identification of new account opener, introducer is only verifies the identity & address of the new account holder.

 
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i agree to Mr. Abinash Patil

 
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