Question

how will be the relationship of bank with their customer​

Answer 1

Answer:

THE LEGAL RELATIONSHIP BETWEEN A BANK AND A CUSTOMER IS BASED ON CONTRACT AND IS GENERALLY CLASSIFIED AS A DEBTOR CRIDETOR RELATIONSHIP. THIS MEANS THAT WHEN A BANK OR ANOTHER TYPE OF ADI ACCEPTS MONEY FROM A CUSTOMER IT DOES SO AS A BORROWER ON TERMS THAT MAY BE IMPLIED.

Answer 2

The relationship of bank with their customers,is as follows -

• The official relationship of a bank with their customers is a legal contract based debtor and creditor relationship,in terms of the money transaction.

• Also,the transparency should be maintained by the banks while making and presenting the legal contracts to the customers. This will help the maintenance of a healthy relationship between the bank and the customers.

• And,the aspects of this relationship should not be influenced by any kind of illegal methodologies which is not good for both the banking industry,consumer base.