Maintenance of Deposit accounts in Coperative Urban Banks

steps to satisfy themselves about the identity of their depositors.

(iii)                The role of the introducers should be made more specific. It is not sufficient to state that he has known the person for a sufficient length of time.

(iv)                The person giving introduction should be of some standing and have an account with the bank for at least six months to ensure that the accounts are not opened on the introduction of new account holders or persons having small and marginal balances. The interval will also enable the bank to monitor the account closely to satisfy itself that the transactions in the introducer’s account are