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BANK CUSTOMERS
SPECIAL TYPES
INTRODUTION
O What does Customer of a bank mean? A
customer is a person who has an account
with a bank or has a relationship with the
banker even though he has no account
with the bank.
Minor or infant
O Only a legally appointed guardian can
open a bank account in the name of a
minor. Once a minor crosses 18, they
must intimate the same to the bank.
Furthermore, they must submit a
specimen of their signature to the bank for
all operational purposes.
A Partnership Firm
O A partnership firm is where two or more persons
come together to establish a business and divide
its profits amongst themselves in the agreed ratio.
The partnership business includes any kind of
trade, occupation and profession. The Indian
Partnership Act, 1932 governs and regulates
partnership firms in India.
A Joint Stock Company
O A joint-stock company is a business
owned by its shareholders, who can buy
and sell shares freely. Historically, the
shareholders of a joint-stock company
could bear unlimited liability for debts
owed by the company.
Non-Trading Companies
O The objective of Non-Trading Companies
(Sociétés civiles) is to carry out purely civil
transactions, such as the management of real-
estate assets, or the pooling of resources for the
practice of a profession. They may also be
created for the management for own account of a
portfolio of securities.
THANK YOU
DEPOSITS
A deposit is money held in a bank account or with another
financial institution that requires a transfer from one party to
another. A deposit can also be the amount of money used as
security or collateral for delivery of goods or services.
WHAT IS DEPOSIT
A current deposit account is, usually,
opened by businessmen. The
account holder can deposit and
withdraw money at any time as the
deposit is repayable on demand. It is
also known as a demand deposit. No
interest is paid on current accounts,
rather charges are taken by the bank
for services rendered by it.
CURRENT DEPOSIT ACCOUNT
A fixed deposit is a type of deposit in which a sum of
money is locked for a fixed period of time. However, the
tenure for the fixed deposit is decided by the person
who invests his funds. This tenure could be anywhere
from a few days to several years.
FIXED DEPOSIT ACCOUNT
A savings deposit is a bank account that an individual
can start to save money and earn interest for future
use.
SAVING DEPOSIT ACCOUNT
The Recurring deposit account is an account in the bank
or in a Post office where a depositor deposits a preset
amount of money every month for a fixed time period
(generally ranging from one year to five years).
RECURRING DEPOSIT ACCOUNT
THANK YOU

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Bank customers, special types ,minor infants, partnership, company, non trading company, Deposits, current, fixed, savings, recurring

  • 2. INTRODUTION O What does Customer of a bank mean? A customer is a person who has an account with a bank or has a relationship with the banker even though he has no account with the bank.
  • 3. Minor or infant O Only a legally appointed guardian can open a bank account in the name of a minor. Once a minor crosses 18, they must intimate the same to the bank. Furthermore, they must submit a specimen of their signature to the bank for all operational purposes.
  • 4. A Partnership Firm O A partnership firm is where two or more persons come together to establish a business and divide its profits amongst themselves in the agreed ratio. The partnership business includes any kind of trade, occupation and profession. The Indian Partnership Act, 1932 governs and regulates partnership firms in India.
  • 5. A Joint Stock Company O A joint-stock company is a business owned by its shareholders, who can buy and sell shares freely. Historically, the shareholders of a joint-stock company could bear unlimited liability for debts owed by the company.
  • 6. Non-Trading Companies O The objective of Non-Trading Companies (Sociétés civiles) is to carry out purely civil transactions, such as the management of real- estate assets, or the pooling of resources for the practice of a profession. They may also be created for the management for own account of a portfolio of securities.
  • 9. A deposit is money held in a bank account or with another financial institution that requires a transfer from one party to another. A deposit can also be the amount of money used as security or collateral for delivery of goods or services. WHAT IS DEPOSIT
  • 10. A current deposit account is, usually, opened by businessmen. The account holder can deposit and withdraw money at any time as the deposit is repayable on demand. It is also known as a demand deposit. No interest is paid on current accounts, rather charges are taken by the bank for services rendered by it. CURRENT DEPOSIT ACCOUNT
  • 11. A fixed deposit is a type of deposit in which a sum of money is locked for a fixed period of time. However, the tenure for the fixed deposit is decided by the person who invests his funds. This tenure could be anywhere from a few days to several years. FIXED DEPOSIT ACCOUNT
  • 12. A savings deposit is a bank account that an individual can start to save money and earn interest for future use. SAVING DEPOSIT ACCOUNT
  • 13. The Recurring deposit account is an account in the bank or in a Post office where a depositor deposits a preset amount of money every month for a fixed time period (generally ranging from one year to five years). RECURRING DEPOSIT ACCOUNT