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Q: Why difficult to define the relation ship of banker and his customer in general?
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Brifliy expline primary relation ship of banker and customer?

The relationship between a banker and a customer is called a contractual relationship.


What is the difference between the banker and its customer?

the banker is the banker while the customer is the customer


What procedure does a banker follow to close the account of an undersizeable customer?

1. Banker issues due notice of intention to close customer's account and requests him to withdraw the balance amount. banker must give sufficient time to customer to make alternative arrangements. 2. If the customer still doesn't close his account, the banker issues another notice stating the last date by which the customer must close his account, otherwise it will be terminated by the banker himself. 3. If the customer defaults to close his account, the banker terminates the account himself, and sends the balance amount of money to the customer by a draft.


What is the contractual relation between the banker and the customer?

The customer has the duty of Care. To keep his A/C update to avoid the closure of his A/C by the bank. To respect the services of the bank particularly in observing the rules and regulations put in place to avoid inconveniences


Meaning of paying banker?

the banker on whom a cheque is drawn or the banker who is required to pay the cheque drawn on him by a customer is called the paying banker or drawee bank


What is a banker's lien?

A banker's lien is a right of a bank to satisfy a customer's matured debt by seizing the customer's money or property within the bank's possession.


What is a collecting banker?

A collecting banker is one who undertakes to collect the amount of a cheques & bills for his customer from the paying banker. A banker is under no legal obligation to collect cheques drawn upon other banks for a customer. But this function is performed by every modern bank.


Difference between collecting banker n paying banker?

When a check is written on a bank account, the banker at that particular bank is the paying banker. They are responsible for paying the check when a customer presents it for payment. A collecting banker collects the checks for his customers from a paying banker.


Who is a paying banker in relation to cheques?

The paying bank is the bank on which the check is written.


Explain special relationship between banker and customer?

Bankers and customers work together to do financial transactions. A good banker will help a customer secure mortgages, balance accounts, and maintain a good relationship with the bank.


Relationship between banker and customer?

The basic function of a banker is accepting of money from the public by way of deposits and deploying the same by means of loans and investments. Besides these functions, bankers render a variety of services to their customers, like providing locker facility, keeping articles in safe custody, collecting bills, cheques, ATM Services, tele-banking, internet banking, and so on. While rendering these services, different types of relationships are created between the banker and the customers, depending upon the nature of services rendered. Banker-customer relationship is thus a contractual relationship, where one person (called customer) entrusts valuable items, like money, jewelry, important and valuable documents, etc., to another person (called a banker) with an intention that such items shall be retrieved on demand.Thus the banker is the one who is entrusted with the above mentioned valuable items, like money, jewels, etc., while the person who entrusts these items with a view to retrieve it on demand is called the customer. This relation between a banker and a customer is a contractactual relationship, which is based on certain terms and conditions. When a customer deposits his money into a savings bank account, the relationship that is established is that of the debtor and the creditor as long as the customer's funds are with the banker. This relationship is called the primary relationship. This position is reversed when the banker lends to the customer.TRANSACTIONBANKERCUSTOMERDeposit in the BankDebtorCreditorLoan from the BankCreditorDebtorLockerLessorLesseeSafe CustodyBaileeBailorCollection of ChequeAgentPrincipalPledgePawner (Pledgee)Pawnee (Pledgor)MortgageMortgageeMortgagorHypothecationHypothecateeHypothecatorShares given for SaleAgentPrincipalM.J. SUBRAMANYAM, XCHANGING, MUMBAI


How do you become a personal banker?

Good experience in sales/marketing and customer service