* The Banker must ensure that the customer is competent to contract

* Account opening form should be filled in all respects by the account holder

* Banker should obtain his specimen signature for verification in future

* Banker should issue a cheque book to the customer indicating his account number

* Banker should obtain standing instructions for operation of the account

* Purpose: to identify the person for whom the account is being opened.

* At present, all accounts, whether current, savings or fixed, have to be introduced

* Who can Introduce: Existing account holder, A confirmed employee of the bank, A locally well-known person, another bank

* Section 13 of the Negotiable Instruments Act 1881 states that Promissory Notes, Bills of Exchange and Cheque payable either to order or to bearer are negotiable instruments.

* Social good- good service and effective use of savings

* Safeguard against inadvertent overdraft

WHAT IS FUND BASED AND NON FUND BASED

Some common words found in the essay are:
Negotiable Instruments, Consultant Procedure, CROSS CHEQUE, Universal Banking, FUND BASED, Exchange Promissory, CHEQUES Crossing, CASH CREDIT, IMPORTANCE BANKING, Bank India, negotiable instruments, banking *, crossing *, banking system, fund based, special crossing, * section, cheque *, banking system india, * banker, * bank, crossing * section, * fund based, india banking system, system india banking,
Approximate Word count = 1581
Approximate Pages = 6 (250 words per page double spaced)