Various precautions which must be observe by the banker before opening a new account are following :
1. Introduction :-
Before opening an account the banker should obtain satisfactory introduction from the applicant. If a new account is opened with out introduction it may create problems for the bankers.
2. Signature Of The Customer :-
A banker must obtain specimen signatures on account opening form and also on the card.
3. Importance Of Form :-
The account opening form is an important document it must be filled neatly and correctly.
4. Personal Information About The Customers :-
All the time of opening an account the banker should get the information about the character and capital of the customers tactfully.
5. Opening With Cash :-
New account should be opened only with cash. In case of cheque it may create any problem for the banker.
6. The Issuance Of A Cheque Book :-
Cheque book should not be issued to the new customer unless there is a reasonable balance in the account.