After reading this article you will learn about the meaning and kinds of customers. Meaning and Definition of a Customer: There is no statutory definition of a customer, but banks appear to rely upon to recognize a customer: 1. For a person a person to be known as a customer of the bank there must be either a current account [...]
After reading this article you will learn about the nature of account opened in a bank. Joint Accounts: A joint account is a banking account maintained by two or more people. All must sign on any relevant documents unless the mandate provides otherwise. All are jointly liable for any overdraft unless mandate establishes joint and several liability. On the death [...]
After reading this article you will learn about depositing cash or a cheque in your bank account. You can straightforward handover cash money to the bank's cashier sitting across the counter. For depositing cash money into your bank account you are required to fill-in a particular form generally known as Pay-in-slip for cash/cheques. This is usually very small and simple [...]