Business Studies, asked by amanchauhan9275, 2 days ago

explain functions of bank

Answers

Answered by ronalsamaddar

5

Answer:

The function of a Bank is to collect deposits from the public and lend those deposits for the development of Agriculture, Industry, Trade and Commerce. Bank pays interest at lower rates to the depositors and receives interests on loans and advances from them at higher rates.

Answered by spbankingandsscserie

2

Answer:

(a) Accepting Deposits

(b) Advancing Loans

(c) Discounting Bills of Exchange or Hundies

(d) Transfer of Money

(e) Miscellaneous Functions

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