0
Bankers are expected to follow the below precautions while opening bank accounts.
- check the customers identity proof thoroughly
- initiate a back-ground check if the customer is from a political background or from a suspicious background
These things will ensure that anti-social elements don't misuse the financial system.
Wiki User
∙ 12y ago
Add your answer:
Earn +20 pts
Is it free to bank with bankofamerica.com?
Many Bank of America services are free, like checking accounts, and opening CDs. Some fees are associated with certain actions, but opening accounts are generally free.
Which bank is called Bankers Bank in India?
the bankers bank in India is RESERVE BANK OF INDIA known as RBI
Which bank is known as bankers bank?
hdfc
Where can one find more information about opening a bank account online?
More information about opening a bank account online can be found at any bank website. They will describe the various accounts they have and also provide links to the relevant terms and conditions.
What are some services a bank offers?
Deposit money to save and gain interest on. Opening various savings accounts such as the IRA or 401k
What are precautions of opening bank current account?
6 precations for accounts openings
What are aims and objectives of opening various types of bank accounts?
a report on procedure are opening vrious types of bank accounts aims and objectives
Is it free to bank with bankofamerica.com?
Many Bank of America services are free, like checking accounts, and opening CDs. Some fees are associated with certain actions, but opening accounts are generally free.
Which bank is called Bankers Bank in India?
the bankers bank in India is RESERVE BANK OF INDIA known as RBI
Opening a bank account?
Bank of America checking accounts boast a variety of features to fit your specific needs.
Where can one find more information about opening online checking accounts?
One can find more information about opening online checking accounts from Citi Bank, Bank of America and Nationwide. Checking account is the type of accounts that one can use to deposit as well as withdraw cash from the account.
Which bank is known as bankers bank?
hdfc
What are the function of accounts department in bank?
Dear Sir, To All, What are the function of Account Opening Department in bank, Please kindly write here to me,,,,
What is the procedure of opening various types of bank accounts?
The procedures vary from bank to bank and from a type of account to another. It is usually just dependant on your financial history and if the bank is willing to do business with you.
Where can one find more information about opening a bank account online?
More information about opening a bank account online can be found at any bank website. They will describe the various accounts they have and also provide links to the relevant terms and conditions.
Why is the FED called the bankers bank?
why is the FEDs called the Banker's Bank?
Bank reconciliation statement is prepared by?
bankers
