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.


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