A bank is a financial institution which acts as an intermediary between savers and users of funds.
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Friday, April 23, 2010
Illiterate persons
Illiterate persons, who cannot sign, are allowed to open savings account (without cheque facility) or fixed deposit account. Current account is not generally opened for such persons. Withdrawals are permitted in the account, on production of the passbook and after verification of the thumb impression and against proper identification of the account holder.
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Illiterate Members
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