Explain the relation between the bank and customers.

1.	Explain the relation between the bank and customers.
Answer» The relation between a bankers and customers is classified in two categories, namely 1. General relationship: Primary relationship: It is a debtor and creditor relationship, Subsidiary relationship- It it trustee and beneficiary relationship. Agent and Principal relationship. 2. Special relationship: Obligation to honour the cheques, Obligation to maintain secrecy of accounts.

Answer»

The relation between a bankers and customers is classified in two categories, namely

1. General relationship:

2. Special relationship:

Discussion