Banker and Customer Relationship

Bankers Customer relationship. Md. Kamrul Ahsan Principal Officer Al-Arafah Islami Bank knowledge & query Academy, Dhaka. Who is a affirmer ? : The leger banker is delimit dissimilarly by various authors. Instead of going to those comments, we may keep our look to the definition given by the on the table instruments work out 1881. In portion 3 of this act it is intendd as, banker is a person transacting the fear of accepting, for the purposes of lending or Investment of deposits of notes from national due on demand or otherwise & with drawable finished cheque, draft, recite or otherwise and includes whatsoever post delegacy nest egg bank. It is clear from the above definition that anybody dealing in money & credit is not a banker. To be a banker, lodges main function give have to be business of banking. Who is a Customer ? : only if it is very enkindle that the word node is not defined by the negotiable instruments Act or by any other law. heterog eneous authors tried to define the word & many a(prenominal) court in their judgment also took attempt to define the word. Some authors bid Sir Jhon Pa live on opined that a single transaction is not sufficient to be customer & there should be both(prenominal) measure of tenaciousness in anyones dealing with bank which known as succession system though in modern banking it is not well accepted.

In a court case in England, Privy council held that, the word customer signifies a relationship of which duration is not of impression. However various definition of contrasting authors, courts indicate that a person should satisfy at least(prenominal) three c! ondition to be customer: 1. He should some sort of account regardless of frequency of transaction in that account. 2. A banker should habitually encounter to act for him. 3. The dealings should be in the nature of continuous banking business. Availing DD/TT & locker facilities or other service therefore without having any account with the bank are not generous to become a customer. Banker...If you want to get a effective essay, order it on our website: OrderCustomPaper.com

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