Check the forms whether they are correctly completed

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Check the forms whether they are correctly completed or not, • Preparing checklist. Stamping on the form. Maintaining account opening register. Pasting of forms in register after release from general banking in charge. Issuance of cheque books. Issuance of accounts maintenance certificate. Closure of account Verification of signature in case of cheque presented before releasing of account opening from SS card is not yet scanned. Importance Of Introduction For Account Opening: Introductory references As soon as a person opens an account with the bank, th e banker customer relationship is established. In such situation this is advisable the b pg. 26
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anker should not open new accounts of unknown persons unless references regarding the integrity and responsibility of the purposed persons are obtained from respectable parties. Failure to exercise this care may result in serious consequences not only for t he banker concerned but also for the other bankers and general public. It is not suffici ent to obtain the reference but its genuineness must also be verified. Omission of this may have serious consequences. In practice we see that there is tough competition a mong bankers for procurement of deposits, so to press a prospective new customer to find the desired reference may offend him, yet he is to be welcomed by the banker as a source of fresh deposits. But these practical difficulties have to be handled tactfully because the risk involved carrying out this requirement partially or wholly may lead t o undesirable results. Inquiries About Customers: Have all necessary information with him regarding his generally a banker is asked by another banker to give his opinion about his customer’s financial po sition. Therefore, it is beneficial for the both that the banker should customer s. Now a practice that Bank officer visit to customer and inquire about his bu siness nature then writes a report. Account Opening Procedure And Precautions: Know Your Customers (KYC Form I & II) The objective of knowing a customer is to have a fair idea about the id entity, financial resources, and general information about the customer at the time when the relationship is established. A banker must have following infor mation about the customer: Customer name: Enter complete name as mentioned in original ID card /other busi ness documents. Nature of business /profession: if customer is of sala ried class enter his employer name. If the customer is a businessman, traders, sole proprietor, enter the business name, for example “Zahid autos Traders” etc.also enters the customer’s title/position and addres s of the business/employer. “Private Service”, “business” are not acce ptable, rather specify what type of company/business the customer is associated with for example Manager Philips Electrical Company.
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