Banking Law – Unit V LLB Class Notes

Ancillary Services and E- Banking: Remittances

General, DD, MT, TT, Traveler’s cheques, bank orders, credit card, debit/smart cards, safe deposit vaults, gift cheques, stock invest


E-Banking Definition

E-Banking includes Internet banking, mobile banking, ATM banking, computerized banking

E-Banking Services

Retail Services

Wholesale Services

E-Cheque – authentication

Cyber Evidence

Banking Ombudsman

Banking Law – Unit IV LLB Class Notes

Banker and customer Relationship

Definition of banker and customer

General relationship

Special relationship

Banker’s duty of secrecy, banker’s duty to honour cheques, banker’s lien, and banker’s right to set off

Appropriation of payments Garnishee order

Customer’s duties towards his banker

Opening of New Accounts

Special types of customers

Minor’s A/C, Joint A/C, Partnership A/C, Company’s A/C, Married women’s A/C, Trust A/C, Joint Hindu family A/C

Illiterate persons, lunatics, executors

Precautions required in case of administrators, clubs, societies and charitable institutions to open an account

Banking Law – Unit III LLB Class Notes

Law relating to Negotiable Instruments, 1881 Act (Read with the amended Act of 2002)

Negotiable Instruments

Kinds Holder and holder in due course





Endorsement – Liability of parties

Payment in due course

Special rules of evidence

Material alteration

Noting and protest

Paying banker and collecting banker

Bills in sets

Penal provisions under NI Act

Banker’s book evidence Act

Banking Law – Unit I LLB Class Notes

Indian Banking Structure


Origin and Evolution of Banking Institutions


Types and functions of banks


Commercial banks


Commercial banks Functions


Banking Companies in India


RBI – Constitution, Management and Functions


Banking Regulation Act, 1949


State Bank of India




Local banks