Banker and Customer Relationship

Bankers Customer relationship. Md. Kamrul Ahsan Principal Officer Al-Arafah Islami Bank learning & query Academy, Dhaka. Who is a affirmer ? : The volume banker is determined dissimilarly by various authors. Instead of going to those comments, we may keep our look to the definition given by the on the table instruments venture 1881. In portion 3 of this act it is defined as, banker is a person transacting the fear of accepting, for the purposes of lending or Investment of deposits of notes from humanity due on demand or otherwise & with drawable with cheque, draft, recite or otherwise and includes whatsoever post authorization nest egg bank. It is clear from the above definition that anybody dealings in money & credit is not a banker. To be a banker, lodges main function exit have to be business of banking. Who is a Customer ? : besides it is very enkindle that the word client is not defined by the negotiable instruments Act or by any other law. he terogeneous authors tried to define the word & many a(prenominal) court in their judgment also took attempt to define the word. Some authors bid Sir Jhon Pa live on opined that a single transaction is not sufficient to be customer & there should be both(prenominal) measure of tenaciousness in anyones dealing with bank which known as succession possibility though in modern banking it is not well accepted.

In a court case in England, Privy council held that, the word customer signifies a relationship of which duration is not of core group. However various definition of contrasting authors, courts indicate that a person s hould satisfy at least(prenominal) three co! ndition to be customer: 1. He should some sort of account disregardless of frequency of transaction in that account. 2. A banker should habitually compact to act for him. 3. The dealings should be in the nature of continual banking business. Availing DD/TT & locker facilities or other service then without having any account with the bank are not passable to become a customer. Banker...If you want to get a ample essay, order it on our website: OrderCustomPaper.com

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