BankerCustomerRelationshipExplainedinDetail
SUBSCRIBERSSFEED
ARTICLES
COMMENTS
KALYANCITYLIFE
SharingWisdomandVividMemoriesofLife
ABOUT
TEAM
KalyanCityisafastemergingresidentialtownship
intheThanedistrictofMaharashtrastate,India.Itis
acentralsuburbantownandresides54kmnorth
east of Mumbai. This blog regularly shares quality
academic materials. Here we also document our
unique experiences and vivid memories of life.
Read our lucid, informative articles to excel your
understanding,knowledgeandsuccess.
HOME
ARTICLES
PHOTOS
VIDEOS
BankerCustomerRelationship
ExplainedinDetail
Post:GauravAkrani.
Date:4/06/201209:17:00PMIST.
Comment(1)
Label:Banking.
BankerCustomerRelationship
Therelationshipbetweenbankerandcustomerismainlythatofadebtorand
creditor.However,theyalsoshareotherrelationships.
DISCLAIMER
NEWARTICLES
Fayol'sPrincipleofDivisionof
WorkMeaning,Example,
Explanation
BalayamNailRubbingExercise
CuresAlopecia,HairLoss,Bald
PrinciplesofGoodLayoutforan
AdvertisementCopy
BasicAssumptionsofLawof
Demand
WhatisFinance?Meaning
DefinitionFeaturesofFinance
WhatisFinancialPlanning?
MeaningTypesofFinancialPlans
WhatisFinancialManagement?
MeaningDefinitionScopeArticles
WhatisCorporateFinance?
MeaningWhatitIncludes?
BANKING
WhatisaBank?Introduction,
DefinitionandFeaturesofBank
DifferentTypesofBanksWhat
areVariousKindsofBanks?
CommercialBanksDefinitions,
PrimarySecondaryFunctions
2.PledgerandPledgee,
3.LicensorandLicensee,
http://kalyancity.blogspot.in/2012/04/bankercustomerrelationshipexplained.html
FEATURED
WorldsTop10MostPoisonous
VenomousDeadliestSnakes
FINANCE
1.DebtorandCreditor,
CONTACT
ImportanceofMarketing
ResearchtoGovernment
Someoftheimportantrelationshipstheysharearedepictedbelow.
Thebankercustomerrelationshipisthatofa:
PRIVACY
BalanceSheetofCommercial
BankLiabilitiesandAssets
HowtoOpenBankAccount?7
StepsToOpenBankAccount
WhatisCreditCard?Meaning
DefinitionSizeAnatomyGlossary
DifferenceBetweenPrimaryand
SecondaryData
TopInventionsandDiscoveries
byScientistsAtoZListScience
HowtoImproveHuman
Relations?
HowToPrepareForSuccessful
JobInterviews?BestInterviewTips
HowToSummarizePassage?
SummarizationSkillsTechniques
BasicPrinciplesofInsurance
ExamplesofInsurancePrinciples
IndianMoneyMarketFeatures,
DrawbacksandRecentReforms
ConceptofMarketingResearch
(MR)MarketingResearchProcess
MANAGEMENT
ManagementFunctionsAnd
Process,ManagementThought
PlanningFirstPrimaryImportant
FunctionOfManagement
ManagementByObjectives
(MBO)PeterDruckerMBO
DecisionMakingProcessIn
ManagementProblemSolving
Authority,Responsibilityand
AccountabilityInManagement
PrincipleofDelegationof
AuthorityImportanceofDelegation
1/5
7/17/2016
BankerCustomerRelationshipExplainedinDetail
WhataretheAdvantagesof
OpeningBankAccount?
OrganisationOrganizational
StructureOrganisationalChart
SavingAccountBankMeaning,
FeaturesandAdvantagesofIt
DecentralisationAdvantages
andLimitationsofDecentralization
FixedDepositAccountofBank
Meaning,Features,Advantages
ManagerialLeadershipLeader
QualitiesLeadershipTheories
WhatisCurrentBankAccount?
ItsFeaturesandAdvantages
HumanResourceManagement
HumanResourceDevelopment
Discussedbelowareimportantbankercustomerrelationships.
RecurringDepositAccountIn
BankMeaningandFeatures
MotivationMotivationalFactors
IncentivesTheoriesofMotivation
1.RelationshipofDebtorandCreditor
WhatisaCheque?Definition
KindsandTypesofCheques
Maslow'sHierarchyofNeeds
TheTheoryofHumanMotivation
When a customer opens an account with a bank and if the account has a
WhatareFeaturesofCheques?
MainCharacteristicsofChecks
FrederickHerzberg'sTwoFactor
TheoryMotivationHygiene
Factors
4.BailorandBailee,
5.HypothecatorandHypothecatee,
6.TrusteeandBeneficiary,
7.AgentandPrincipal,
8.AdvisorandClient,and
9.Othermiscellaneousrelationships.
credit balance, then the relationship is that of debtor (banker / bank) and
creditor(customer).
Incaseofsavings/fixeddeposit/currentaccount(withcreditbalance),the
banker is the debtor, and the customer is the creditor. This is because the
bankerowesmoneytothecustomer.Thecustomerhastherighttodemand
backhismoneywheneverhewantsitfromthebanker,andthebankermust
repaythebalancetothecustomer.
Incaseofloan/advanceaccounts,bankeristhecreditor,andthecustomeris
thedebtorbecausethecustomerowesmoneytothebanker.Thebankercan
demandtherepaymentofloan/advanceontheduedate,andthecustomer
hastorepaythedebt.
Acustomerremainsacreditoruntilthereiscreditbalanceinhisaccountwith
thebanker.Acustomer(creditor)doesnotgetanychargeovertheassetsof
thebanker(debtor).Thecustomer'sstatusisthatofanunsecuredcreditorof
thebanker.
The debtorcreditor relationship of banker and customer differs from other
commercialdebtsinthefollowingways:
1.Thecreditor(thecustomer)mustdemandpayment.Onhisown,the
WhatisCrossingofCheque?
DifferentTypesofCheckCrossing
AutomatedTellerMachine(ATM)
TheAdvantagesofATMMachine
EBankingOnlineBanking
MainAdvantagesofEBanking
PrinciplesofGoodLending
EveryBankerFollowsLoans
DifferentFormsofAdvancesby
CommercialBanksLoanTypes
DutiesandResponsibilitiesof
ComputerOperatorinBank
NationalisationofBanksinIndia
IntroductionObjectivesDemerits
DouglasMcGregor'sTheoryX
andTheoryYEmployee
Motivation
DavidMcClelland'sAchievement
Motivation,ManifestNeedTheory
MarketingMixand4P'sofThe
MarketingManagementArticle
WhatisMarketSegmentation?
ImportanceInModernMarketing
5m'sofadvertisingand
advantagesofadvertising
QualityControlTotalQuality
ManagementTQMQualityCircles
NarasimhamCommitteeReportI
1991II1998Recommendations
NewEconomicReformsofthe
BankingSectorInIndiaBrief
FunctionsofReserveBankof
India(RBI)CreditPolicyofRBI
debtor(banker)willnotrepaythedebt.However,incaseoffixeddeposits,
thebankmustinformacustomeraboutmaturity.
2.Thecreditormustdemandthepaymentattherighttimeandplace.The
CATEGORY
depositororcreditormustdemandthepaymentatthebranchofthebank,
wherehehasopenedtheaccount.However,today,somebanksallow
paymentatalltheirbranchesandATMcentres.Thedepositormust
AdministrativeLaw
demandthepaymentattherighttime(duringtheworkinghours)andonthe
Advertising
dateofmaturityinthecaseoffixeddeposits.Today,banksalsoallowpre
Banking
maturewithdrawals.
3.Thecreditormustmakethedemandforpaymentinapropermanner.
Thedemandmustbeinformofchequeswithdrawalslips,orpayorder.
Nowadays,banksallowebanking,ATM,mobilebanking,etc.
BusinessDevelopment
CommunicationSkills
DistinguishBetween
Economics
2.RelationshipofPledgerandPledgee
The relationship between customer and banker can be that of Pledger and
Education
Finance
Pledgee.Thishappenswhencustomerpledges(promises)certainassetsor
IndustrialPsychology
security with the bank in order to get a loan. In this case, the customer
KalyanCity
becomes the Pledger, and the bank becomes the Pledgee. Under this
agreement,theassetsorsecuritywillremainwiththebankuntilacustomer
repaystheloan.
Management
MarketingResearch
Photos
3.RelationshipofLicensorandLicensee
ProductionPlanning
Snakes
http://kalyancity.blogspot.in/2012/04/bankercustomerrelationshipexplained.html
2/5
7/17/2016
BankerCustomerRelationshipExplainedinDetail
TherelationshipbetweenbankerandcustomercanbethatofaLicensorand
Licensee. This happens when the banker gives a sale deposit locker to the
customer. So, the banker will become the Licensor, and the customer will
becometheLicensee.
4.RelationshipofBailorandBailee
The relationship between banker and customer can be that of Bailor and
Bailee.
1.Bailmentisacontractfordeliveringgoodsbyonepartytoanothertobe
heldintrustforaspecificperiodandreturnedwhenthepurposeisended.
2.Bailoristhepartythatdeliverspropertytoanother.
3.Baileeisthepartytowhomthepropertyisdelivered.
So, when a customer gives a sealed box to the bank for safe keeping, the
customerbecamethebailor,andthebankbecamethebailee.
5.RelationshipofHypothecatorandHypothecatee
TherelationshipbetweencustomerandbankercanbethatofHypothecator
andHypotheatee.Thishappenswhenthecustomerhypothecates(pledges)
certainmovableornonmovablepropertyorassetswiththebankerinorderto
get a loan. In this case, the customer became the Hypothecator, and the
BankerbecametheHypothecatee.
6.RelationshipofTrusteeandBeneficiary
A trustee holds property for the beneficiary, and the profit earned from this
property belongs to the beneficiary. If the customer deposits securities or
valuableswiththebankerforsafecustody,bankerbecomesatrusteeofhis
customer.Thecustomeristhebeneficiarysotheownershipremainswiththe
customer.
7.RelationshipofAgentandPrincipal
The banker acts as an agent of the customer (principal) by providing the
followingagencyservices:
Buyingandsellingsecuritiesonhisbehalf,
Collectionofcheques,dividends,billsorpromissorynotesonhis
behalf,and
Actingasatrustee,attorney,executor,correspondentorrepresentative
ofacustomer.
Banker as an agent performs many other functions such as payment of
insurancepremium,electricityandgasbills,handlingtaxproblems,etc.
8.RelationshipofAdvisorandClient
When a customer invests in securities, the banker acts as an advisor. The
advice can be given officially or unofficially. While giving advice the banker
hastotakemaximumcareandcaution.Here,thebankerisanAdvisor,and
thecustomerisaClient.
9.OtherRelationships
Othermiscellaneousbankercustomerrelationshipsareasfollows:
http://kalyancity.blogspot.in/2012/04/bankercustomerrelationshipexplained.html
3/5
7/17/2016
BankerCustomerRelationshipExplainedinDetail
Obligationtohonourcheques:Aslongasthereissufficientbalance
intheaccountofthecustomer,thebankermusthonourallhischeques.
Thechequesmustbecompleteandinproperorder.Theymustbe
presentedwithinsixmonthsfromthedateofissue.However,thebanker
canrefusetohonourthechequesonlyincertaincases.
Secrecyofcustomer'saccount:Whenacustomeropensanaccount
inabank,thebankermustnotgiveinformationaboutthecustomer's
accounttoothers.
Banker'srighttoclaimincidentalcharges:Abankerhasarightto
chargeacommission,interestorotherchargesforthevariousservices
givenbyhimtothecustomer.Fore.g.anoverdraftfacility.
Lawoflimitationonbankdeposits:Underthelawoflimitation,
generally,acustomergivesuptherighttorecovertheamountdueata
bankerifhehasnotoperatedhisaccountsincelast10years.
So,theseweresomeimportantbankercustomerrelationships.
Related
ScrollToTop
EBankingOnline
Banking
Advantagesofthe
Ebanking
WhatisMerchant
Banking?Meaning
ServicesFunctions
UniversalBanking
Meaning
Advantages
Disadvantages
Linkwithin
BankerCustomerRelationshipExplainedinDetail
SitemapofKalyanCityLifeBlog
Translation
1Comment:
Anonymoussaid...
April8,2014at5:52AM
veryinformativeandenlightening
PleaseComment
http://kalyancity.blogspot.in/2012/04/bankercustomerrelationshipexplained.html
4/5
7/17/2016
BankerCustomerRelationshipExplainedinDetail
Enteryourcomment...
Commentas:
Publish
Unknown(Google)
Signout
Notifyme
Preview
NewerPosts
Home
OlderPosts
2016KalyanCityLifeBlog.
BestviewedonandoptimizedforlatestChromeBrowser.
ScrollToTop
http://kalyancity.blogspot.in/2012/04/bankercustomerrelationshipexplained.html
5/5