SEBI Form · ISR-2

ISR-2 Form: Banker's Signature Verification Explained

Form ISR-2 is how your bank confirms to the Registrar that the signature on your paperwork is genuinely yours. It is short, and it is rejected more often than any other form in the set — almost always for the same handful of reasons.

ISR-2 is the form we see rejected most often at ClaimMyFunds, almost always for a missing bank stamp or employee code rather than anything to do with the signature itself.

In short

ISR-2 is a banker's attestation of your signature. Your bank completes and stamps it, confirming that the signature matches the one they hold on your account. It is required when your current signature no longer matches the specimen the RTA has on file.

When This Applies to You

  • Your signature has changed since you bought the shares, which is common with folios from the 1980s and 1990s
  • The RTA has raised a signature mismatch on a transfer, transmission or IEPF claim
  • You are updating KYC and cannot produce a signature matching the original specimen
  • The original specimen signature was never properly recorded
  • You are filing a claim on behalf of a deceased holder and your own signature must be verified

Field by Field

What to write in each box, and the entries that most often cause a form to be returned.

Folio number and company name
Copy both from the share certificate. The bank does not verify these — the RTA does — so an error here is yours to catch.
Holder's name
As recorded on the folio.
Bank account number and type
The account must be one where the bank actually holds your signature on record. A recently opened account with no signature history is of little use.
Your signature, in the bank's presence
Sign inside the box provided. Do not sign in advance at home — several banks require the officer to witness it.
Bank official's name and designation
This must be printed, not just signed. An illegible signature with no printed name is routinely rejected.
Bank official's employee code
Most RTAs require this. If the officer will not provide it, ask for someone who will.
Bank's round stamp and branch stamp
Both are usually needed. A signature without the bank's seal carries no weight at all.
Date
Some RTAs will not accept an attestation older than a few months, so file it promptly after obtaining it.

What to Attach

  • The ISR-2 form itself, completed and stamped by the bank
  • Self-attested copy of PAN
  • A copy of the share certificate for reference
  • Whatever primary form the ISR-2 supports — usually ISR-1, ISR-4 or ISR-5

Where to Send It

ISR-2 is completed at your bank branch, then sent by you to the company's RTA together with the main form it supports. Banks do not send it to the RTA on your behalf.

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Why These Get Rejected

Across the files we handle at ClaimMyFunds, almost every returned form fails for one of these reasons.

Signed by a relationship manager with no authorityThe attestation should come from a branch official authorised to verify signatures, typically the branch manager or an equivalent officer.
Bank stamp missingA signature alone is not an attestation. The branch stamp, and usually the bank's round seal, must both appear.
Employee code left blankMost RTAs treat this as a mandatory field, because it is how they verify the attesting officer actually exists.
Attested on an account with no signature on recordDigital-first accounts opened recently may hold no wet signature. Use an older account where the bank genuinely holds your specimen.
Sent to the bank instead of the RTAYou collect the completed form from the bank and forward it yourself. It is not routed for you.

How Long It Takes

Indicative timings from cases we have handled. The variable that matters most is whether the file is complete when it arrives.

StageTypicalWhat affects it
Visit the bank branchSame dayGo in person; several banks require the officer to witness your signature.
Bank completes and stamps the formSame day to 1 weekLarger branches usually do it immediately; smaller ones may refer it upward.
You forward it to the RTA1-3 daysIt is not sent on your behalf.
RTA accepts the attestation2-4 weeksProcessed alongside whichever main form it supports.

What It Actually Costs

Indicative only. Stamp duty, notary rates and RTA service charges vary by state and by registrar, so treat these as what to budget for rather than a price list.

Bank attestation
Frequently free for account holders. Where charged, it is usually a small service fee — ask at the counter.
Photocopies of PAN and certificate
Negligible.
Postage to the RTA
Use tracked post.
Repeat attestation if the first is rejected
The real cost of a missing stamp or employee code is another branch visit and several weeks.
Before you file: SEBI's requirements for physical shareholders have been revised several times. This page explains the process and the paperwork, but before you file, confirm the current requirements with the Registrar handling your folio — forms and thresholds do change. Nothing here is legal or financial advice.

Frequently Asked Questions

Will my bank charge for ISR-2 attestation?

Practice varies. Many banks provide it free to their own account holders, others charge a small service fee. There is no SEBI-prescribed charge, so ask at the branch.

My bank refuses to sign ISR-2. What can I do?

This usually happens at branches unfamiliar with the form. Ask specifically for the branch manager and explain it is a SEBI-prescribed signature attestation for a share folio. If the branch still refuses, another bank where you hold an account with a recorded signature can attest instead.

Can a notary attest instead of a bank?

No. ISR-2 is specifically a banker's verification and a notarial attestation does not substitute for it. Some RTAs accept alternative documentation in genuinely exceptional cases, but you would need to agree that with them first.

How long is an ISR-2 attestation valid?

There is no universal expiry, but many RTAs prefer an attestation obtained within the last few months. If your paperwork has been sitting for a year, obtain a fresh one rather than risk a query.

Do all joint holders need separate ISR-2 forms?

Each holder whose signature is being verified needs their own attestation. If only one holder has a mismatch, only that holder needs ISR-2.

Can ClaimMyFunds get my signature verified?

The bank attestation itself has to be done by you in person, because the officer must witness your signature. What we do is prepare the form correctly, tell you exactly what the bank must stamp and complete, and handle everything after that with the Registrar.

Related Guides

Which ISR form do I need?ISR-1: KYC updateFixing a signature mismatchUpdate your specimen signature
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You have just read a detailed walkthrough of a SEBI investor form. We publish these because the same handful of mistakes cost investors months, and most of them are avoidable.

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