BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Banking Day
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Customer’s Day
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Holiday
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Complaints Day
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Detailed explanation-1: -A banking day is any day on which banks are open to the public and are generally carrying on their normal banking functions. A banking day is generally any day except Saturday, Sundays and legal holidays.
Detailed explanation-2: -Bank Customer means any Person with respect to which Bank issues private label or co-branded credit cards as part of a private label or co-branded credit card program between Bank and such Person as of the day before such Person becomes a Bank Client.
Detailed explanation-3: -A customer is a person who has an account with a bank or has a relationship with the banker even though he has no account with the bank.
Detailed explanation-4: -2 Definition of Customer. For the purpose of KYC policy, a ‘Customer’ is defined as: a person or entity that maintains an account and/or has a business relationship with the bank; one on whose behalf the account is maintained (i.e. the beneficial owner).