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A customer for a bank is any individual who uses the services of the bank. It may be maintaining accounts or depositing cash or availing loans etc.
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What is the meaning of MT in banking terms?
MT Stands for Money Transfer in banking terms. A Money Transfer is a transaction wherein money is transferred from the bank account of one customer into the bank account of another customer. For Ex: let us say I owe you Rs. 5000/- which I borrowed last month and I know your bank account number. I can just login to my bank account and transfer the money to your account using the MT facility
Can a bank manager draw money from cc account without notice for loan?
I am not sure what you mean. A bank can not remove money from customers accounts except as detailed in the terms and conditions for having an account with the bank signed by the customer when opening the account or notified to the customer as a variation in terms and conditions.
What was the oldest bank in Sri Lanka?
The largest bank in terms of asset base is Bank of Ceylon. But in terms of customer service centres is People's Bank
How you will convince Axis bank or SBI bank customer to take loan from IDBI bank?
convince him on EMI terms which are liberal in IDBI, even get the customer through the benefits of mobile banking and immediate effects to be taken by IDBI.
Meaning of pay in slip in bank?
Pay-In-Slip is a bank record which he customer has to fill in before depositing the cash into bank .It is a source document .
What is the vision and mission of the bank of the Philippine islands?
To be the leading financial institution in terms of stability and customer service
Where is Bank Audi headquartered?
Bank Audi is Lebanon's largest bank in terms of customer accounts and total assets. The banks head office and registered address is actually located in the Bank Audi Plaza in Beirut.
What is the meaning of MT103 in terms of payment?
MT103 is a Single Customer Payment between the two customer accounts across the banks. Its a cross border payments.
What is the meaning of cheque discounting?
Cheque Discounting is providing a post dated cheque to a bank by its customer which amounts to the short term loan taken from the bank and the interest charged by the bank.
What is meant by the term safe bank?
Safe bank is a term to ensure that money in one bank is safe. The term safe bank can be related to the FDIC. Both of these terms have the same meaning.
What are the impact of customer service on bank performance?
Bank should not irritate customer.
What does net 30 mean?
Receipt of Goods, meaning the 30 day terms do not begin until goods are received by the customer.
