1.
Special types of
banking customers

2.
Customer of a bank is a person who is
maintaining an account in his own
name or in whose name the deposits
are maintained

3.
The special types of customers of a bank
are:
1.Minor
2.Married women
3.Drunkard
4.Lunatics
5.Partnership firm
6.Joint account
7.Joint stock company
8.Illiterate person

4.
Minors are considered one type of special
customer in a bank. A person who is not 18
years of age is considered a minor and
therefore is a special type of banking
customer.
A minor has to have a parent or guardian to
help them open a bank account. A minor can
borrow money, but most often needs a co-
signer such as a guardian or parent. A minor
in most banks cannot be appointed as a
trustee of any account.
Minor

5.
A person of unsound mind cannot
make a valid contract. So, the bankers
should not open an account in the
name of a person of unsound mind.
But a customer may become lunatic
after opening an account with the
bank.
lunatics

6.
An illiterate person means a person who can’t sign
his name. While opening of an account of such a
person is unavoidable, the banker should obtain:
( 1) Left thumb impression on the account opening
form and specimen signature card in the presence
of an authorized bank official
(2) Details of identification marks should be noted
on the account opening form and specimen
signature card
(3) At least two copies of photograph duly attested
by any account holder/authorized bank official.
Illiterate person

7.
A married woman can enter into
contract and bind her personal
(separate) estate. A banker may,
therefore, open an account in the name
of a married woman
Married women

8.
Drunkard
A drunkard is a person who is so toxicities
to be incapable of understanding the nature
and effect of a contract upon his interest. A
contract entered to a drunkard person is
void. It is advisable for banker to not allow
a drunkard to start an account in his name.

9.
A firms account should always
be opened in the name of the
firm and not in the name(s) of
the individual partner (s) because
a partner does not have (implied)
authority to open a bank account
on behalf of the firm in his own
name.
Partnership firm

10.
A joint stock company is an artificial
person and it has a separate legal entity. So,
a bank account may be opened on its own
name. A joint stock company may either be
a Private Limited Company or a Public
Limited Company.
Joint stock company