You are here: > > Different Types Of Bank Customers

Different Types Of Bank Customers

Administrator by Administrator   |   3 Comments  |   11214 Views    |   2.5/5 Rating   |   Print this Article Print This Article
834 articles online.
Apr 13th, 2011
Send to friend

DIFFERENT TYPES OF BANK CUSTOMERS
Every commercial bank is anxious to increase its customers. However, every one cannot be accepted as its customer. Only those persons who are competent in law to enter into a contract can be considered as customers. The bank is and should be very cautious in the selection of customers as it is to have a continued relationship with them. The customers of a bank can mainly be divided into two categories (1) Ordinary Customers and (2) Special Customers. Ordinary Customers are those who are competent to enter into contract under the laws of land. An individual, a body corporate, a firm can open an account with the bank. The bank before accepting one as a customer weighs the customers financial position, his character, honesty, social standing and good will in the society. The special customers are those who are dealt with as special ones legally. We first of all discuss in brief the special types of individual customers of the following types (1) Minor
(2) Lunatic
(3) Drunkard
(4) Married women
(5) Purdah Observing women

(6) Illiterate persons

Main Features of The Following Types of Customers:

1. Joint account holders
2. Partnership accounts
3. Trust
4. Societies and other non trading institutions


Article Source: http://www.informationbible.com/article-different-types-of-bank-customers-52369.html

Add New Comment

Captcha
  • 1. Sandeep Shivhare
    plz,, plz. give me the very clear and very strong definition of banking. what is banking?
    (9:23 am, 2013.02.20)
  • 2. Jeisel
    You best bet for getting anresws is to contact your local SBA (Small Business Association) It is a completely free service, they have professionals to help with every aspect of starting a small business and can help you with loans and grants even if you have no money.Have your questions ready, and you may have to go back a few times to get your anresws if you do not have all the info. With some calls and leg your work you will find the info. and financing you need.You can always privately finance. Get friends and family to lend you money with a mapped out schedule or return + interest but be clear about the risks involved.It is great to see some one going on there own it is rough road at first, my first 3 years in business where very difficult financially but I loved what I did so it made it worth while the long term pay off has been great, been doing ii for 15 years.Best of Luck Was this answer helpful?
    (11:31 am, 2012.06.02)
  • 3. Nomanbk
    very good and very nice notes for business facility
    (2:15 am, 2012.06.02)
Latest Business Articles
More from Administrator
  • Objectives of business

    Objectives of Business means the purpose for which the business is established. It is generally believed that the main objective of business is ta make profit and avoid loss. More >>

  • Barter system

    Barter System - Barter System is that system in which goods are exchanged for goods - Barter System More >>

  • Functions of money

    Functions of Money - Functions of Money as a Medium of Exchange, Measure of Value, Deferred Payment, Store of Value - Functions of Money More >>

  • Importance of business in the present day world

    The importance of business is that it provides products or services to customers. More >>

  • Kinds of partners

    The partners of a firm are broadly divided into three main categories. General Partners, Special Partners and Other Partners. More >>

Find More About

Rate this Article:
  • Currently 2.5/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
2.5 / 5 stars - 17 vote(s)