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banking notes

SPECIAL TYPES OF INDIVIDUAL CUSTOMERS

• 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

. . .
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 system, banking •, crossing •, special crossing, fund based, • section, cheque •, banking system india, • banker, endorsement •, crossing • section, • fund based, system india banking, india banking system,
Approximate Word count = 1581
Approximate Pages = 6 (250 words per page double spaced)

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