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Asked by Sandeep Last Modified
Answer 
Mohd Azeem
Commerce Tutor
| 1 | CURRENT DEPOSITS / ACCOUNTS | |
| 2 | SAVING BANK / Saving Fund DEPOSITS / ACCOUNTS | |
| 3 | RECURRING DEPOSITS / ACCOUNTS | |
| 4 | FIXED DEPOSITS / ACCOUNTS OR TERM DEPOSITS |
When a person opens an account with the bank he/she becomes a customer of bank. The accounts may be any or more of the following :Savings Bank account, Current account, Recurring Deposit account, Fixed Deposit account, Overdraft account, Demand Loan account, Term Loan account, Cash Credit account, Bills Purchased account, Kisan Credit Card account, Tractor Loan account, Car Loan account, Personal Loan account, Credit Card account etc.
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Deepika Agrawal
Interested to teach to class 1 to 5 , 6 to 10 , 11&12
GENERAL RELATIONSHIP:
Debtor-Creditor
Creditor–Debtor
SPECIAL RELATIONSHIP:
Bank as a Trustee: Under sec3 of Indian Trust Act 1882
Bailee – Bailor: Under sec 148 of Indian Contract Act 1872
Lessor and Lessee: Under sec 105 of Transfer of Property Act 1882
Agent and Principal: under sec 182 of Indian Contract Act 1872
As a Custodian
As a Guarantor: under sec 31 of Indian Contrac Act 1872
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