While opening an account in the bank, we provide many details, and the most important of them is our signature. It becomes your identity in a way, which is used in every work related to the bank. But, after many years, many of us forget our old signature, or there is a change in the handwriting. In such a situation, the question arises whether the bank will close your account. The answer is – No! The bank does not do this; rather, some special rules and procedures have been set for this. Let us know what you should do if you forget your signature.
When the signature does not match on the check or document
When you sign a check or sign an important document, and the bank does not find that signature similar to your records, then the bank will immediately stop your transaction. This happens because it is a big matter of security for the bank. The bank does not take any kind of risk if your identity is not strong. This causes trouble for the customer, and sometimes the payment also stops.
What to do if you forget the signature
If you have completely forgotten your old signature, then there is no need to panic. Instead of closing your account, the bank gives you a chance to prove your identity and update your signature. First of all, you have to go to your bank branch. The bank will ask you for a valid ID card like an Aadhaar card, PAN card, or any other government ID to prove your identity. Once your identity is verified, the bank will register your new signature in its system. After this, you will be able to use your new handwriting.
Biometrics also strengthens your identity
Some banks nowadays also provide the facility of Biometric Authentication. Through this, you can authenticate your identity with a fingerprint or other biometric data. This can also help you to see and remember your old signature.
In short, the bank will never close your account just because you have forgotten your old signature. They will always give you an opportunity to prove your identity and update your signature, so that your financial transactions continue to run smoothly.