Banking · Banker-Customer Relationship
In the Indian banking system, which of the following statements accurately reflects the most common and basic relationship between a Banker and a Customer when a customer deposits money in a current account?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1The relationship is that of Lessor and Lessee.
- 2The relationship is primarily that of Debtor and Creditor.✓
- 3The relationship is that of Agent and Principal.
- 4The relationship is that of Bailor and Bailee.
Correct answer
The relationship is primarily that of Debtor and Creditor.
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