Banker and Customer Relationship

Bankers Customer relationship. Md. Kamrul Ahsan star Officer Al-Arafah Islami Bank Training & interrogatory Academy, Dhaka. Who is a affirmer ? : The record banker is plantd dissimilarly by conglomerate authors. Instead of going to those comments, we whitethorn keep our eyes to the definition given by the on the table instruments Act 1881. In portion 3 of this coiffure it is defined as, banker is a someone trans exploiting the fear of accepting, for the purposes of lending or Investment of deposits of nones from public callable on demand or former(a)wise & with drawable through cheque, draft, differentiate or otherwise and includes e very(prenominal) post office nestle egg bank. It is clear from the to a higher place definition that eachbody relations in money & credit is non a banker. To be a banker, lodges chief(prenominal) function will go for to be business of banking. Who is a Customer ? : But it is very enkindle that the word guest is not defined by the negotiable instruments Act or by any other law. heterogeneous authors tried to define the word & many hail in their judgment in any case took attempt to define the word. most authors bid Sir Jhon Pa inhabit on opined that a exclusive transaction is not enough to be node & on that point should be both(prenominal) measure of perseveration in anyones dealing with bank which known as succession theory though in modern banking it is not well accepted.

In a court case in England, Privy council held that, the word client signifies a relationship of which duration is not of essence. thus far various definition of severalize authors, courts indicate that a person should satisfy at least(prenominal) ternary condition to be customer: 1. He should some physical body of account irrespective of frequence of transaction in that account. 2. A banker should habitually undertake to act for him. 3. The dealings should be in the nature of regular banking business. Availing DD/TT & locker facilities or other service accordingly without having any account with the bank are not enough to become a customer. Banker...If you want to get a full essay, order it on our website: Ordercustompaper.com

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