What are the rights and duties of banking?

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1092402

2026-08-09 13:35

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RIGHTS:1)the first duty is to charge commission, interest and discount against services provided by the bank.

2)it is the right of the bank to retain the property of the customer as a security for the repayment of the loans.

DUTIES:

1)to accept the cheque if it fulfill all th requirements.e.g:-amount in their balances,date.

2) maintain the secrecy of the account holder.

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