Why does the bank need so many details of its customer? – InterviewSolution

1.	Why does the bank need so many details of its customer?
Answer» The bank has to be sure that the customer is not a fraud. The money deposited or withdrawn should be legal. The government has to be notified about various things. Letters have to be sent to the customer’s home/office or some information given to him about the transactions in his account. For all these reasons, the bank needs many details of its customers.

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