Banker Customer Relation

BY
BHARTI BHATNAGAR
 Objectives of the Session

To identify the relationship of Banker- Customer

Rights & Obligations of a Banker

Legal position of a Banker

 Debtor- Creditor

Deposit in the Bank

Purchase of Draft

Loan accounts Banker is creditor

 OBLIGATIONS OF A BANKER

To honor the cheque

To maintain the secrecy

 Right of a Banker

Right of Appropriation

Right of General Lien

Right of Set-off

Right to change interest & incidental charges

 Agent - Principal
Collection of Cheque

Standing instructions
 Banker as a trustee

Payee of the Draft

Articles left by mistake

Money deposited but instructions not given

 Banker- Customer

Locker Lessor Lessee

Safe custody --Bailee Bailor
Pledge -- Pledgee Pledgor
Mortgage --Mortgagee Mortgagor
Assignment --Assignee Assignor
Hypothecation -- Hypothecatee Hypothecator
 Termination of Relationship

Voluntarily
By Customer or by Banker

Terminate By law
Death, Bankruptcy, Insanity, Garnishee Order,
Attachment Order etc.
THANK YOU