Question

Explain- "The account holder is not the customer of a particular branch of the bank but of the bank".

Answer 1

Answer:

An account holder is not just the customer of a particular branch under that bank only. He/she is also the account holder for all the branches of the same bank located anywhere, wherever the bank is operational.

The bank account is valid and stands valid for all places for convenience. The person is free to credit or debit money and use the bank account from just anywhere without any limit.

Explanation:

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