Banker's Obligation to a Customer

There is a relationship and responsibilities between Bankers and Customers and which is familiar with the term Banker Customer Relationship. A banker has the following obligations or duties to a customer-

1. A banker has to receive customer's money.
2. It is the duty of a banker to honor the customer's cheque.
3. The banker shall have to maintain the sequence of its affairs. There are some authorities who can call for the information. The authorities are income tax authorities and Central Bank. In such cases, bank can disclose the affairs of the accounts of the customers.
4. The banker shall have to serve responsible notices before closing a customer's account if necessary.
5. Bank shall have to provide the customer with cheque books and bank statement.
6. Bank will have to provide the customer all types of banking facilities available in the bank.