Cash withdrawn from bank case

the bank teller can only able to match the design of signature..

You yourself answered your own question. In most cases if there is a signature mismatch, the banker will not give money. But if the signature matches, he will give money and he is not liable if any issue arises . Only if you can prove that there is a signature mistatch and the banker has been negligent in not veriying the signature properly, you can hold the banker as well as the drawer liable for their acts.

Hon'ble members correct me if i am wrong...

Moreover i dont know under which sec. of NI act this offence is punishable...

Mrs.A can prefer a criminal complaint against Mrs.B for forgery.  She can also request the bank to reverse the unauthorised debit; if they refuse, she can file complaint before Banking Ombudsman or Consumer Court.

Dear Shiv Shankar,

I agree with Mr. Javid Nazeem. Even in respect of Mr. Raju's contention, Banking Ombudsman may also not be able to ask the banker to reverse the transaction, what to say of he banker himself, unless proved unauthorised debit and forgery would have been proved against Mrs. B.

However, I am sure law of limitation would also come in to picture if the case is filed after a long years, and the question would definitely arise, why the forgery could not be identified when the account holder was having the facility to get the bank passbook updated any time or would get the periodical/monthly statement from the bank on regular basis, if no passbook system was there, or on asking from the bank.

PS Dhingra

Chief Executive Officer

Dhingra Group of Management & Vigilance Consultants

New Delhi-110089

Mobile: 09968076381

[dcgroup1962@gmail.com]