Hi friends As I suggested earlier Biometric system is the best thing. We should strongly place this suggestion in front of Bank as well as IBA. ----- Original Message ----- From: "Pamnani" <[EMAIL PROTECTED]> To: <[email protected]> Sent: Saturday, July 05, 2008 1:25 AM Subject: Re: [AI] Bank Guidelines
> The problem at present is not of whether a phone call is too much for us > or > not but of our security. > As Harish suggested I am not putting the phone call into the guidelines > but > leaving it as it is. > The only question is should we suggest that our cheques should be attested > or not. If not we can leave it until the IBA suggests it and then discuss > it. If the IBA does not suggest anything then we can insist that the Banks > must expedite for Biometric verification. > > Kanchan Pamnani > Advocate & Solicitor > 9, Suleman Chambers, > Battery Street, Colaba, > Mumbai - 400 039. > > > > ----- Original Message ----- > From: "Ketan Kothari" <[EMAIL PROTECTED]> > To: <[email protected]> > Sent: Saturday, July 05, 2008 11:35 AM > Subject: Re: [AI] Bank Guidelines > > >> Though this sounds practical and salutary, knowing the tendencies of the >> bank officials, they may not want to accept the new phone verification. >> Also, it may not be possible for us to answer the phone all the time and >> thus may lead to delay. >> ----- Original Message ----- >> From: "Harish Kotian" <[EMAIL PROTECTED]> >> To: <[email protected]> >> Sent: Friday, July 04, 2008 10:10 PM >> Subject: Re: [AI] Bank Guidelines >> >> >>> 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: <[email protected]> >>> 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: [email protected] >>>> 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. If you are >>>> not the intended recipient, any dissemination, use, >>>> review, distribution, printing or copying of the >>>> information contained in this e-mail message >>>> and/or attachments to it are strictly prohibited. If >>>> you have received this communication in error, >>>> please notify us by reply e-mail or telephone and >>>> immediately and permanently delete the message >>>> and any attachments. Thank you >>>> >>>> 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 >>>> >>> >>> >>> 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 >> >> >> 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 >> > > > 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 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. 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