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Rights and duties of a bank?

In: Banking [Edit categories]

Answer:

Duties

to accept the deposit of money in an ordinary course of business during the working hours

to maintain the secrecy of account

to pay the cheque issued by the customer if in order

to give reasonable time notice if bank it self wants to close an account

Rights

To put lien on customer

To set off an account

To recover the service charges from customer as per prevalent country laws

right of protection against the fraud due to negligence of customer

First answer by ID2006583457. Last edit by Anandvijayakumar. Contributor trust: 782 [recommend contributor ]. Question popularity: 2 [recommend question].

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