Question

A
commercial
bank
provides
various
services
to
its
customers.
Explain
any
four
such

services​

Answer 1

Answer:

1. Periodical Payments and collection of Deposits: Commercial banks make payments to creditors and collects deposits from debtors on behalf of Client.

2. Locker Facility: Commercial banks provides Lockers to clients to store their precious and expensive Materials like Gold, diamond,etc. for its safe custody.

3. Dematerialisation : Commercial banks provides the facility of holding financial assets such as shares and bonds in electronic form i.e. D-Mat account.

4. Portfolio Management: These banks buys and sells shares,bonds, debentures,etc on behalf of customers.