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Execution of document by Illiterate Borrowers

Execution of document by Illiterate Borrowers :

In case of illiterate borrowers, the left hand thumb impression (right hand impression for ladies) of the illiterate borrower should be got affixed in the presence of the bank official and the wordings ‘Left/Right hand thumb impression of Shri/Smt…………….’ Should be written just below the thumb impression. In case of illiterate borrowers a separate declaration should be taken from independent witnesses to the effect that the contents of the documents were explained to him/her and that he/she executed the documents of his/her own volition after understanding the implications thereof. If a document is signed in vernacular, the signature should be translated into English only at the end without attestation.

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