Question

discuss any three primary function of bank​

Answer 1

Answer:

The primary functions of a bank includes the function of accepting deposits and granting advances i.e. accepting deposits of money from the public for the purpose of lending or investment where the depositor can demand for repay through cheque, draft, order or otherwise. These are also known as quantitative functions of a bank.

Answer 2

Primary functions include accepting deposits, granting loans, advances, cash, credit, overdraft and discounting of bills. - Secondary functions include issuing letter of credit, undertaking safe custody of valuables, providing consumer finance, educational loans, etc