BANKING AFFAIRS

BANKING GENERAL KNOWLEDGE

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which of the following is/are the rights of customer towards his banker?
A
To receive a statement of his account from a banker
B
To sue the bank for any lose and damages
C
To sue the banker for not maintaining the secrecy of his account
D
All of these
Explanation: 

Detailed explanation-1: -These are: (i) Right to Fair Treatment; (ii) Right to Transparency; Fair and Honest Dealing; (iii) Right to Suitability; (iv) Right to Privacy; and (v) Right to Grievance Redress and Compensation.

Detailed explanation-2: -c) to sue the banker for not maintaining the secrecy of his account. Was this answer helpful?

Detailed explanation-3: -Customer Rights: 4.1 Right to Fair Treatment: Both the customer and the financial services provider have a right to be treated with courtesy. The customer should not be unfairly discriminated against on grounds such as gender, age, religion, caste and physical ability when offering and delivering financial products.

Detailed explanation-4: -Right to be heard, right to seek redressal and right to choice are all consumer rights.

Detailed explanation-5: -These include right to fair treatment, right to transparency, fair and honest dealing, right to suitability, right to privacy and right to grievance redress and compensation.

There is 1 question to complete.