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Rights and duties of a customerBy Umer LatifRights & duties of the customerRights.To draw cheque against his credit balance.

To get passbook, cheque book, and periodic accounts statement.

To make bank liable to correct any over crediting or over debiting.

To sue the bank for the cost, loss, and damages when his cheque is wrongfully dishonored.

To sue the bank if the secrecy of his account was not maintained.Rights & duties of the customerDUTIES.To present the cheque for payment or collection with in the banking hours.

To insure that cheques should not be Stale or Post dated.

To keep his cheque book / ATM in safe custody.

He should draw the cheque in a manner that no alteration can be done for fraud.Different activities undertaken by a bank.Borrowing and lending of money.

Collecting Negotiable instruments on behalf of the customer.

Dealing in foreign exchange.

Granting Letter of Credit to customers.

Providing Safe custody facility / lockers.

Different activities undertaken by a bank.Acting as an agent on behalf of the customer.

Underwriting & dealing in stocks, shares on behalf of the customer.

Issuance of Guarantees.

Dealing with property that may come to it as security in satisfaction of its outstanding claims.

Offering different value added services like ATM, Online banking and internet banking.

Issuance of currency notes.

Qualification of a Customer.He should not be a minor.

He should be a person of a sound mind (he understands the contract at the time of making it).

He shall not have been debarred from entering into any contract under any law.

He deposits money and bank accepts it.

Notice by the BankerBanks normally serve notice to the customer before closing their accounts for any reason.

This notice can be served due to many valid reason like:Insufficient balance in the account.Presenting cheques after business hours.Having very less balance for a long time.