BANKER & CUSTOMER RELATIONSHIP
Sr No |
Type of Transaction |
Banker - Customer Relationship |
1 |
Acceptance of Deposits |
Debtor & Creditor |
2 |
Overdraft/Loan/CC |
Creditor & Debtor |
3 |
Collection of Cheque |
Agent & Principal |
4 |
Sale/Purchase of shares |
Agent & Principal |
5 |
Carrying on Standing Orders |
Agent & Principal |
6 |
Purchaser of DD & Issuing Bank |
Agent & Principal |
7 |
Payee of DD & Issuing Bank |
Trustee & Beneficiary |
8 |
Articles left by mistake |
Trustee & Beneficiary |
9 |
Safe custody article |
Bailee &Bailor |
10 |
Safe Deposit Locker |
Lessor & Lessee |
11 |
Money tendered to Bank pending instruction for its disposal |
Trustee & Beneficiary |
12 |
Pledge |
Pawnee & Pawner |
13 |
Mortgage |
Mortgagee & Mortgagor |
14 |
Hypothecation |
Hypothecatee & Hypothecator |
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