Afroza Mansur Khan

(131-11-2861)

Tahmina Aktar(131-11-2849)

Md.Shakhawat Hossain

(131-11-3071)

The topic

The Relationship between the banker and customer is very important. Both serve the society to grow and the economy to expand.

Banker

Customer

Debtor versus creditor Trusty versus beneficiary Principle versus agent

The Relationship Of a

Banker And a

Customer

The true relationship between banker and customer is primarily of debtor and creditor.

When a customer deposit money with a bank, the bank then is the debtor and the customer is the creditor

The bank acts as a trustee for the customer in those cases where bank accept securities and valuable for safe custody. A trustee performs certain functions for the benefit of some other person called the beneficiary.

A banker acts as an agent of his customer and performs a number of agency functions for the convenience of his customers.

For example he buys or sells securities on behalf of his customer, collects cheque on his behalf and makes payment of various dues of his customers.

The Obligation Of a Banker

Obligation to honor the cheque

Obligation to maintain the secrecy of account

Obligation to honor the cheque

Fund must be available to repay the cheque Fund must be available in customer account Banker must repay the cheque timely

Obligation to maintain the secrecy of account

Never expose the customer in formations

Record book must be secured