Different Types Of Bank Customers

by Administrator   |   3 Comments  |   8541 Views    |   2.5/5 Rating   |   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

• 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)

• Tips for conducting a successful job search in a tough job market 2013

  If you have recently embarked on a job hunt, here are some tips that will help you stand out so you can obtain the dream job you've always wanted. More >>

• Mcx gold trading tips check the future and present market

  The demand for gold and silver has been constantly increasing, in last ten years. The demand and supply for the same has been steadily increasing, which makes it one of the best options for the traders. Although it is a favorable market, it includes considerable risk. More >>

• Advantages of using a product boxes

  A product box can do wonders for your business, if its professionally designed and basic things are given importance and considered. For instance writing catchy lines with colorful printing on the box different from the rest will definitely grab customers attention as compared to the product box whi More >>

• Process of oil drilling

  The process of making oil took millions of years as when animals died they sank into the mud at the bottom of ocean in millions of years they converted into organic substance which results in crude oil and natural gas. More >>

• Tips for choosing right chemical companies

  Chemicals and requires bulk chemicals for manufacturing their products India, than it becomes necessary to chose trusted and reliable chemical supplier company that provide best quality chemicals and services as well. More >>

• Barter system

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

• 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 >>

• 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 >>