Banker Customer Relationship

 There are various kinds of banker- customer relationship. The important among them are as below:

1.    Debtor-Creditor Relationship : When a customer deposit money in the Bank, the Bank is Debtor and the Customer is  Creditor

2.    Creditor – Debtor Relationship: When a customer lends money from a Bank, the Bank is treated as Creditor and Customer as Debtor.

3.    Bailee-Bailor Relationship: In case of Safe Custody Services provided by banks, Bank is said to be a Bailee and the customers are called as Bailor.

4.    Trustee and Beneficiary Relationship: In case of Payee of Draft, the bank is trustee and the customers are beneficiaries.

5.    Lessor and Lessee Relationship:  In case of Locker facility, the Bank is said to be the Lessor and the customer is called as the Lessee.

6.    Pledgee and Pledger Relationship: In case of Pledge, the relationship between banks and customers becomes Pledgee and Pledger respectively.

7.    Mortgagee and Mortgagor Relationship: In case of Mortgage, the relationship between banks and customers becomes Mortgagee and mortgagor respectively.

8.    Assignee and assignor Relationship: In case of Assignment, the relationship between banks and customers are said to be assignee and assignor respectively.

9.    Agent – Principal Relationship: When banks collect Cheques, Bills etc or Pay Electricity bills, insurance premium, telephone bills, club fees etc, the relationship established between banks and customers are known as agent and principal respectively.

10.  Bank as Consultant: Banks these days help the customers by rendering consultancy services and advice. Hence, banks act as consultants.