BANKING AFFAIRS

Detailed explanation-1: -It would be necessary for banks to seek appointment of a guardian only in such cases where they are convinced on their own or based on documentary evidence available, that the concerned person is mentally ill and is not able to enter into a valid and legally binding contract.

Detailed explanation-2: -Banks are therefore advised to rely upon the Guardianship Certificate issued either by the District Court under Mental Health Act or by the Local Level Committees under the above Act for the purposes of opening / operating bank accounts.

Detailed explanation-3: -Bank may issue Debit card to pensioner, illiterate and blind persons on their request. However, the person applying for debit Card should be atleast numeric literate and bank employee/s may advise all the related risks to the illiterate account-holder at the time of issuance of debit Card. 9.

Detailed explanation-4: -Visually impaired customers must be permitted to avail of ATM facilities. Banks should also ensure that the ATMs are accessible to other categories of persons with disabilities such as the orthopaedically disabled.