Duties and Rights of a Banker and Customer Rights
Chapter notes, video classes, MCQ practice tests and quick-revision one-liners for Principles and Practices of Banking — JAIIB.
One-liners from this chapter
Free sample — 8 of 47 rapid-fire Q&A cards.
Judgement Debtor?
Customer maintaining an account with the bank and refusing to pay
Judgement Creditor?
The party at whose instance the order is issued
Garnishee?
A person / institution / department holding funds in the name of the judgement debtor (the bank, here)
Issuing authority — Garnishee Order / Attachment Order?
Garnishee Order: Competent Court (on application of judgement creditor); Attachment Order: Income Tax, GST/Sales Tax, Customs, ED etc.
Legal provision — Garnishee Order / Attachment Order?
Garnishee Order: CPC Sec. 60 + Order XXI Rule 46; Attachment Order: Sec. 226(3) IT Act, 1961 + analogous statutes
Stages / steps — Garnishee Order / Attachment Order?
Garnishee Order: Order Nisi Order Absolute; Attachment Order: Always in the Absolute form
Liability — Garnishee Order / Attachment Order?
Garnishee Order: Private liability; Attachment Order: Statutory liability
Recovery of — Garnishee Order / Attachment Order?
Garnishee Order: Private dues; Attachment Order: Government dues
MCQ practice tests
Chapter-wise mock tests with instant scoring.
PDF study notes
More chapters in Module A - General Banking Operations
Related articles & notes
In-depth Principles and Practices of Banking guides from our blog.
Master the full PPB syllabus
Every chapter of Principles and Practices of Banking — videos, tests, notes and one-liner decks in one place.