Corporate user vs retail user

CHIRAG (-) (142 Points)

19 December 2018

Please anyone explain

IN NET BANKING, WHAT IS THE DIFFERENCE BETWEEN CORPORATE USER VS RETAIL USER ?

IS CURRENT BANK ACCOUNT ALWAYS A CORPORATE USER?

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Dhirajlal Rambhia (SEO Sai Gr. Hosp.) (177741 Points)
Replied 20 December 2018

"IS CURRENT BANK ACCOUNT ALWAYS A CORPORATE USER? "

Not necessarily.

Its catagotized on high volume or low volume transactions.

Generally small traders or individuals or such professionals are catagotized under retail cusomers.

But companies or cusomers having heavy trabsaction volumes in frequency as well as value are put under corporate user.

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