Maintenance of Deposit accounts in Coperative Urban Banks

or in fictitious names with a view, inter alia, to deposit unaccounted money.

2.1.2     Proper Introduction

(i)                   The account should not be normally opened without a meeting between the bank official and the customer.

(ii)                 The banks should invariably insist upon prospective depositors to furnish introduction (from either any of the existing account holders or a respectable member of the local community known to the bank or the bank’s staff) for opening not only current and cheque operated savings bank accounts but also all deposit accounts including call, short-term and fixed deposits. The banks should take