- What are the rights of a banker?
- How does banker customer relationship start?
- What is a banking relationship?
- Which bank has lowest minimum balance for current account?
- What does a banker do on a daily basis?
- What are the duties of customer?
- What is the banker customer relationship?
- Can we terminate the customer relationship with immediate effect yes or no?
- What are the duties of a banker to a customer?
- How much cash can be deposited in savings account?
- What happens if a crossed Cheque is presented for payment?
- Who is a banker and customer?
What are the rights of a banker?
Rights and duties of Bankers and CustomersRight to charge interest.
Right to levy commission and service charges.
Right of Lien.
The Right of Set-off.
Right of Appropriation.
Right to Close the Account.
Right to fair treatment.
Right of transparent, fair and honest dealing.More items…•.
How does banker customer relationship start?
On the opening of an account, the banker assumes the position of a debtor. … The relationship with the customer is reserved as soon as the customer account is overdrawn. Banker becomes a creditor of the customer who has taken a loan from the banker and continues in that capacity fills the loan is repaid.
What is a banking relationship?
Relationship banking is strategy used by banks to offer a variety of different products, strengthen customer loyalty, and generate additional revenue. … Relationship bankers often approach customers with offerings such as insurance, investments, and certificates of deposit.
Which bank has lowest minimum balance for current account?
Current Account Monthly Average Balance and Withdrawal Limit 2020BankMinimum Average BalanceICICI Bank Smart Business AccountRs. 25,000HDFC Bank Regular Current AccountRs.10,000 per quarterBank of Baroda Baroda Small Business Current AccountQuarterly Average Balance Rs. 2,500SBI Regular Current AccountRs. 10,0002 more rows
What does a banker do on a daily basis?
Day-to-day duties of personal bankers include helping bank customers open new checking and savings accounts and facilitating other ordinary banking transactions.
What are the duties of customer?
Customer Service Representative Job Responsibilities:Serves customers by providing product and service information and resolving product and service problems.Attracts potential customers by answering product and service questions and suggesting information about other products and services.More items…
What is the banker customer relationship?
When a customer opens an account with a bank and if the account has a credit balance, then the relationship is that of debtor (banker / bank) and creditor (customer). In case of savings / fixed deposit / current account (with credit balance), the banker is the debtor, and the customer is the creditor.
Can we terminate the customer relationship with immediate effect yes or no?
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. … The account must be closed with immediate effect and the customer be required to return the unused cheques.
What are the duties of a banker to a customer?
A personal banker interacts directly with customers, advising them on financial matters relating to savings, account openings, securities and investments, as well as carrying out clerical duties. These professionals also sell bank products and services to customers.
How much cash can be deposited in savings account?
Here customer should note that, deposits of up to Rs 2 lakh is free per account per month in home branches. However, cash deposit up to Rs 25,000 per day can be deposited in non-home branch, but beyond this limit there is Rs 5 per thousand charged subject to minimum Rs 150.
What happens if a crossed Cheque is presented for payment?
Adding a crossing to a cheque increases its security in that it cannot be cashed at a bank counter but must be paid into an account in exactly the same name as that which appears on the ‘payee’ line of the cheque (i.e. the person who has received the cheque, who is legally the “payee” and “holder” of the cheque).
Who is a banker and customer?
‘The term banking’ has been defined as’accepting’ for the purpose of lending orinvestment. of deposit of money from the publicrepayable on demand or withdrawable by cheque,draft or order. … CustomerA customer is a person who has some sortof account, either deposit or currentaccount, with the banker.