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Integrating electronic signatures in the banking industry has completely changed and improved the way financial institutions operate and interact with customers. Here's a list of some of the benefits for bankers and customers of using electronic signatures: Security.

The federal ESIGN Act restricts the use of electronic signatures for the following categories of documents: Wills, testamentary trusts, and codicils (including estate planning documents obtained through ) Adoption, divorce, and other family law papers (including such documents obtained through )

Ease of customer onboarding. For banks, electronic signatures make the onboarding process simpler because customers can complete any paperwork necessary digitally. This reduces the need for clients to be physically present in the branch and makes it a paperless process.

To ensure the security and authenticity of documents filed electronically, the Information Technology Act, 2000 contains provisions for the use of digital signatures on those documents. Section 5 of the IT Act gives legal recognition to digital signatures based on asymmetric cryptosystems.

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Open your document and click the File tab. Click Info and then click Protect Document. From the Protect Document drop-down menu, click Add a Digital Signature. Select a Commitment Type, such as created and approved this document, and then click Sign.

Encryption: Encryption is a key component of digital signature security. It ensures that the information transmitted is secure and unauthorized parties cannot intercept it. Public Key Infrastructure (PKI): PKI technology is used to verify the signer's identity and ensure the authenticity of the digital signature.

How to e-sign a document. Click the link in the document that tells you where to sign. A pop-up window will open so you can create your electronic signature in the signature field. Type your name, sign with the computer's mouse, or upload an image of your signature. Click Apply to add your signature to the document.

Public and private keys To make a digital signature secure, you need a pair of keys ? a public key and a private key. The private key is kept secret by the signer and is used to encrypt the signature, while the public key is available for anyone to use to verify the signature.