0
For a bank, a customer is a person who is utilizing one or more of the services provided by the bank. A customer is a person through whom the bank gets an opportunity to make an earning in return to the service they can provide the customer with. For Ex: an individual who has a checking account with a bank or an individual who has a mortgage or a loan with the bank or an individual who has a fixed deposit with the bank are all customers of the bank.
Wiki User
∙ 13y ago
Add your answer:
Earn +20 pts
What is the cash reserve ratio in India?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What is cash reserve ratio or CRR?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What can a customer get free with a bank account with Chase bank?
A customer can sometimes get free gift certificates for opening an account with Chase bank.
How much is the ATM monthly withdrawal limit for a standard cardholder?
It depends on the issuing bank. Some banks limit ATM withdrawals to 300 per day per customer.
What does the Federal Deposit Insurance Corporation do?
It acts as an insurer of bank customer deposits. A+
What is the definition of domestic bank?
The domestic bank is that bank which works domestically, i mean to say, that the banks which working under its geographical boundaries is termed as domestic bank.moreover the domestic bank assure the customer accounts.
What are the average number of accounts at a bank per customer?
The average number must certainly be above one as it takes only one customer to have two or more accounts to increase the average. Then there is the question of company accounts and joint accounts. It is possible that a given bank branch office only has one account per customer, but unlikely that a bank would
What are the impact of customer service on bank performance?
Bank should not irritate customer.
Legal definition of a bank loan drawdown?
what is the definition of bank "drawdown"
What is the cash reserve ratio in India?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
What is cash reserve ratio or CRR?
Cash Reserve Ratio or CRR in India is the amount of money that every bank has to deposit with the RBI per customer. Every time a customer deposits cash to the bank, the bank has to correspondingly deposit a portion of that cash to the RBI. RBI decides this percentage of money that each bank has to deposit with it.
How would you convince a customer to become a client of there bank?
To convince a customer to be a client of your bank, spell clearly the benefits of the program to the customer.
What can a customer get free with a bank account with Chase bank?
A customer can sometimes get free gift certificates for opening an account with Chase bank.
What is the definition of indirect customer and direct customer?
indirect customers
Who handles the money at the bank?
The customer, then the bank teller.
What is commission on turnover in banking?
The commission on turnover in banking is a fee that is charged to the customer based on the amount of withdrawals the customer has. It is usually a set fee by the bank that is taken out once per month.
What do actuary do in a bank?
A bank actuary will be able to evaluate customer accounts to determine if those customers are worth keeping. If a bank customer is frequently overdrawing his account or doesn't keep a certain balance, the bank actuary will make recommendations to the bank. While the bank may or may not be able to close the customer's account, they will treat the customer according to the actuary's evaluation. For example, if a customer consistently keeps a very low balance in a bank account, the bank could decide to start charging the customer administrative fees if she wants to keep the account open.
