BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There must be frequency of transactions
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There must be a dealing of a banking nature
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There must be some sort of an account
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There must be a single transactions of any nature
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Detailed explanation-1: -Customer definition: A customer is a person or business that buys goods or services from another business. Customers are crucial because they generate revenue.
Detailed explanation-2: -Client-a possible definition Customers are those who turn to bank services, but first you need to be known more closely. A customer is a person or entity receiving or benefiting from the bank, and who uses a company or banking institution to change currency. The customer is one who has a bank account.
Detailed explanation-3: -Banks open accounts for various types of customers like individuals, partnership firm, Trusts, companies, etc. While opening the accounts, the banker has to keep in mind the various legal aspects involved in opening and conducting those accounts, as also the practices followed in conducting those accounts.
Detailed explanation-4: -Bank Customer means any Person who as of the Closing Date has a deposit account with one of the Banks or has a Loan outstanding with one of the Banks.