Banking Exam Question - What are the Types of Bank Customer on the Basis of Risk? Explain

Introduction - Types of Bank Customer on the Basis of Risk

Banks and financial institutions have classified the following 3 types on the basis of risk

1) Low risky customer

• Annually Rs. Customers who have traded upto 300,000 are classified as low-risk clients.

2) Medium-risk customer

• Rs. Those who do not have high risk of trading more than 300,000 years
• Sketch for preparing an update

3) high and most risky customers

• Politically influential people
• Customers in border business
• The customers of the area indicated that the bank indicated geographically high risk
• Many customers who frequently traded daily and frequently
• People working as a criminal
• Laka trades called suspicious businesses
• Associations and individuals mentioned in the name that they have worked against the law through media.

Types of Customer on the Basis of Nature

Individual and Joint: 

• At the point when a record is opened in singular name, it is called as individual record. For instance a record opened for the sake of "A" 
• At the point when a record is opened in joint names, the record is called as shared service. Illustration – the record for the sake of "An" and "B". 
• While opening a shared service, a greatest of four people can mutually open a record 
• On account of shared services, the investors should record the task