Thursday, August 24, 2017

COMMENTS NO: YEAR/2014/883

"ROYAL BANKER:'In Banking Sector, due to Core Banking Solutions (CBS) System, one can see the scanned signature associated with any Savings/Current/Cash Credit/ Overdraft Account very easily. In some modernized CBS software, if you attach a scanned signature with a Customer ID, then for all accounts opened with that Customer ID, you can see that signature. But, there are some loopholes in Accounts which have LTI (Left Thumb Impression) Signatures.' ROYAL SCIENTIST:'No, not at all. We are going to install LTI Detector Machines in all rural Branches of PSU Banks. Before withdrawing any amount, you need to put your Left Thumb on the screen of LTI Detector Machine. The SWO-A of the PSU Bank will type your Account Number in CBS Software and click on the button, CHECK LTI. CBS Software will start matching the Scanned LTI Signature in CBS and your Left Thumb Impression on the screen of LTI Detector Machine. If both LTI matches, then CBS Software will permit you to withdraw the money.'"-Arindam Sain

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