01. Acceptance of deposit 02. Honouring cheques 03. Maintenance of secrecy of the accounts 04. Notice to be given in case of closure of account 05. Payment of interest 06. Furnishing statement 07. Providing services
When a customer opens a savings bank account in a bank, a banker and a customer relationship is established.This relationship arises from a contract between a banker and a customer and is called the primary relationship. This relationship, which is primarily that of debtor and creditor, gives rise to certain mutual rights and obligations. The obligations of a banker towards a customer is
1. honouring of customer's cheques. 2. Maintaining secrecy of accounts. 3. Informing about the availability of nomination faclity. These obligations are not absolute, but are subject to certain qualifications.
When a customer opens a savings bank account in a bank, a banker and a customer relationship is established.This relationship arises from a contract between a banker and a customer and is called the primary relationship. This relationship, which is primarily that of debtor and creditor, gives rise to certain mutual rights and obligations. The obligations of a banker towards a customer is
ReplyDelete1. honouring of customer's cheques.
2. Maintaining secrecy of accounts.
3. Informing about the availability of
nomination faclity.
These obligations are not absolute, but are subject to certain qualifications.
M.J. SUBRAMANYAM, XCHANGING, MUMBAI