Laibility of a Paying Banker When Customer Signature is Forged | Kutch Consultancy

Laibility of a Paying Banker When Customer Signature is Forged
ग्राहक के हस्ताक्षर जाली होने पर भुगतान करने वाले बैंकर की देयता
ગ્રાહકની સહી બનાવટી હોય ત્યારે ચૂકવણી કરનાર બેંકરની જવાબદારી
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When a paying bank processes a check with a forged customer signature, it typically faces liability for the wrongful payment. This is because the bank has a duty to verify the authenticity of the signature before making a payment. If a forged signature goes undetected and funds are debited, the bank is generally required to reimburse the customer. However, if the customer contributed to the forgery through negligence, the bank's liability might be reduced.
#BankingLiability #ForgedSignature #BankingSecurity
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