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Why Introduction is must for opening an account in banks?

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Why Introduction is must for opening an account in banks?

Postby Getronek on Wed Dec 22, 2010 7:54 pm

Al most all banks ask an introducer to open a account in their bank. The introducer may be of any type. Actually the banker may not be knowing the introducer in person. But his signature is honoured. Why, what is the logic/ reason behind it. Can any one clear me?
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Getronek
 
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