How can illiterate person open bank account?

How can illiterate person open bank account?

If a blind/visually impaired literate person attends the post office for opening of account and he/she is in a position- to sign uniformly, he may put his/her signature on the account opening form (SB-3), Specimen Signature Book and Pay-in-slip in the presence of Postmaster/ Sub postmaster/Branch Postmaster who will …

Which account Cannot be opened by illiterate?

Illiterate women cannot open any account in a bank.

Can bank issue ATM to illiterate person?

The Bank may at its discretion open deposit accounts other than Current Accounts of illiterate person. The Bank will explain the need for proper care and safe keeping of the passbook etc. given to the account holder. In case of blind persons who are literate, ATM /Debit card, cheque book, etc facilities will be given.

Who is an illiterate person?

Full Definition of illiterate 1 : having little or no education especially : unable to read or write an illiterate population. 2 : showing or marked by a lack of acquaintance with the fundamentals of a particular field of knowledge musically illiterate.

Can illiterate open joint account with literate person?

R: Yes. At the discretion of the Bank, an illiterate person is allowed to open accounts jointly with a person who is literate and closely related to him. Cheque book facility will not be extended in the single or joint savings bank account of the illiterate depositors.

Can an illiterate person be issued a debit card?

Can a thumb impression person get ATM card?

Where the customer cannot even put his/her thumb impression and also would not be able to be physically present in the bank, a mark can be obtained on the cheque/withdrawal form which should be identified by two independent witnesses, one of who should be a responsible bank official.

How is a literate person different from the illiterate one?

Introduction. The ability to read and write is called literacy; its opposite is illiteracy. In some societies a person who can read the letters of the alphabet or read and write his or her own name is considered literate.

What is difference between literate and illiterate?

Answer: Explanation: As nouns the difference between literate and illiterate. is that literate is a person who is able to read and write while illiterate is an illiterate person, one not able to read.

Is ATM issued to illiterate person?

The Bank will explain the need for proper care and safe keeping of the passbook etc. given to the account holder. In case of blind persons who are literate, ATM /Debit card, cheque book, etc facilities will be given. The Bank official shall explain the terms and conditions governing the account.

What must be obtained from a responsible person for opening an account?

an official personal identification number or other unique identifier contained in an unexpired official document (e.g. passport, identification card, residence permit, social security records, driving licence) that bears a photograph of the customer; type of account and nature of the banking relationship; signature.

Can a bank issue a cheque book to illiterate?

Normally cheque book is not issued to illiterate depositor. However cheque book can be issued for making statutory payments post dated cheques for repayment of installments of loan.

Can an illiterate person open an account in a bank?

At the discretion of the Bank, an illiterate person is allowed to open accounts jointly with a person who is literate and closely related to him. Mode of operation has to be jointly operated in that case.

What happens to an illiterate person who has a cheque book?

Illiterate person is survivor. A cheque book is issued to the account holder if he/she is able to sign. Logic is that genuineness of cheque is ascertained by tallying the signatures on the Cheque. If cheque is presented in clearing, it will be paid if signature tallies.

Can a visually impaired person open a cheque book?

R: Visually impaired persons shall be allowed to open an account with Cheque book facility and all procedures pertaining to the use of such cheque books must be in accordance with those for the other customers. Q: Whther visually impaired may open joint account with a person who is visually impaired?

Do banks treat visually impaired customers as illiterate customers?

R: No. Banks do not equate visually impaired customers with illiterate customers. Banks extend normal services to visually impaired customers as they do for their other customers including those among them who use their thumb impression for operating the bank account. Q: Whether cheque book can be issued to a visually impaired person?