Question

The account holder is not the customer of a particular branch of the Bank but of the bank. Explain in brief

Answer 1

Answer:

The above-given statement is completely true as an account holder in a bank isn't merely a customer of a branch bank but of the whole bank.

Explanation:

The account of an account holder, when opened in any branch of the bank, gets directly associated with the main bank, to which the branch is related.

It is just like taking admission in a school affiliated with CBSE, a student gets associated and enrolled in the CBSE itself.

As the branch of a bank is a part of the main bank, therefore, any customer of the branch will automatically become the customer of the main bank.