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Contract between banker and customer slideshare

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GENERAL RELATIONSHIP BETWEEN. BANKER customer he becomes the debtor and the customer The banker can deal with the money anyway he likes. Slide 2 of 23 If the bank refuses to pay, it amounts to a breach of contract. In the absence of any contrary agreement between the bank and customer the 

21 Jan 2017 BANKER-CUSTOMER RELATIONSHIP BY ABDUL QADIR BHAMANI. Customer • Under the LAW of contract person are able in ''section 11: of General Relationship CREDITOR-DEBTOR • Relationship between the  27 Nov 2016 When customer open the account in bank then create a relation between banking and customer. 8. Under the LAW of contract person are able  17 Nov 2009 RELATIONSHIP

  • CREDITOR-DEBTOR
  • Relationship between the customer having a deposit account and the banker. 6 Oct 2009 Banker and Customer Relationship.
  • Before we discuss the relationship between the banker and the customer, it seems  4 Dec 2014 The relationship between a banker and a customer depends on the type of transaction. The relationship is based on contract and on certain  23 Feb 2015 Banker and a Customer Relationship The relationship between a banker and a customer depends on the type of transaction. These  5 Mar 2014 BANKER CUSTOMER RELATIONSHIP Customer/Account Holder Lord He shall not have been debarred from entering into any contract, 

    The relationship is of creditor and debtor between the banker and customer, with the funds deposited becoming the bank's money. This is therefore a contractual 

    RIGHTS OF THE CUSTOMER TOWARDS THE BANKER • The main rights and duties of a customer towards the banker in brief are as under: • Rights of a customer: – A customer who has deposited money can draw check on his account up to the extent of his credit balance or according to overdrawing limit sanctioned by the bank. – A customer has the right to receive statement of accounts from the bank. We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime. BANKER AND CUSTOMER RELATIONSHIP DEFINITION According to sec 5(c) of the Banking Regulation Act 1949, a banker is a person who undertakes business of banking. Banking means accepting deposits from public, for the purpose of lending, repayable on demand or otherwise with drawable by cheque, draft, order. The contract between the banks and customers should be easily understood by the common man. It is the responsibility of the bank to make the customer understand interest rates, the risk involved and all other terms and conditions. Banks should not hide anything from the customer before the signing of the agreement. The banker is the debtor of the customer with the obligation to honor his customer's cheque drawn upon his balance. When the banker lends money to his customer, the customer becomes the debtor and the banker, the creditor. Banker as an agent : Generally, bankers render agency services for their customers. They pay insurance premium, electricity bills, taxes, etc. Banker Customer Relationship in Banking. Relationship of Debtor and Creditor. In case of Saving Account / Current Account/ Fixed Deposit – Customer deposit their surplus amount of money with bank. In other words, depositor lend money to bank and bank repay it on demand as per contract of deposit.

    21 Aug 2014 T he opening of an account with a banker, and the banker's acceptance for such opening of account gives rise to a 'contractual relationship'.

    27 Nov 2016 When customer open the account in bank then create a relation between banking and customer. 8. Under the LAW of contract person are able  17 Nov 2009 RELATIONSHIP

    • CREDITOR-DEBTOR
    • Relationship between the customer having a deposit account and the banker. 6 Oct 2009 Banker and Customer Relationship.
    • Before we discuss the relationship between the banker and the customer, it seems  4 Dec 2014 The relationship between a banker and a customer depends on the type of transaction. The relationship is based on contract and on certain  23 Feb 2015 Banker and a Customer Relationship The relationship between a banker and a customer depends on the type of transaction. These 

      4 Dec 2014 The relationship between a banker and a customer depends on the type of transaction. The relationship is based on contract and on certain 

      Banker Customer Relationship Definition of a Bank The Financial Services and Markets Act 2000 establishes framework for Financial Services Authority to authori… Banker's duty of secrecy. 1. 1 Banker’s Duty of Secrecy One of the implied terms of contract – obliged to keep the affairs of his customer secret – even after the a/c is closed & extends after customer’s death. Duty is legal one, not merely moral – breach of it would result in damages – nominal or substantial. Banker-customer relationship is a contractual relationship between two parties and it may be terminated by either party on voluntary basis or involuntarily by the process of law. These two modes of termination are described below. Qualification of Customer : Section 11 of Contract Act 1872 Customer should be a major Customer be of sound mind He should not be debarred under any law There must be an offer and acceptance of the proposal. Types of Relationship between a banker and customer Debtor – Creditor (provide detail)

      The relationship is of creditor and debtor between the banker and customer, with the funds deposited becoming the bank's money. This is therefore a contractual 

      Distinguish between Demand-Pull inflation and Cost-Push Inflation concept of banker customer relationship, define the contractual relationship Handling Queries during PPT Presentation, Final Report Submission in Hard and Soft Form.

      Termination of relationship between a banker and a customer • The death, insolvency, lunacy of the customer. • The customer closing the account i.e. Voluntary termination. • Liquidation of the company. • The closing of the account by the bank after giving due notice. • The completion of the contract or the specific transaction. 15. Banker Customer Relationship Definition of a Bank The Financial Services and Markets Act 2000 establishes framework for Financial Services Authority to authori… Banker's duty of secrecy. 1. 1 Banker’s Duty of Secrecy One of the implied terms of contract – obliged to keep the affairs of his customer secret – even after the a/c is closed & extends after customer’s death. Duty is legal one, not merely moral – breach of it would result in damages – nominal or substantial. Banker-customer relationship is a contractual relationship between two parties and it may be terminated by either party on voluntary basis or involuntarily by the process of law. These two modes of termination are described below. Qualification of Customer : Section 11 of Contract Act 1872 Customer should be a major Customer be of sound mind He should not be debarred under any law There must be an offer and acceptance of the proposal. Types of Relationship between a banker and customer Debtor – Creditor (provide detail)