Question

explain various activities that are undertaken in bank

Answer 1

"The various activities undertaken in a bank are:

1) Cash deposit, cash transfer, wire transfer etc

2) Opening bank account

3) Issuing of bank related documents like cheque book, money orders etc

4) Managing cash advances

5) Handling and resolving customer related issues

6) Managing ATMs, vaults, cash drawers etc

7) Processing and sanctioning of loans and keeping a check on it"

Answer 2

Various activities that are undertaken in the banks are:

1. Savings accounts

2. Debit and credit cards

3. Business loans

4. Debit and credit cards

5. Provides fixed deposit facilities to people.

6. Provides house building loans

• Banks are financial intermediaries that facilitate the transaction of money in an economy.
• There are several functions of a bank, but the main function is to accept deposits from peoples and providing loan to them.

Learn more about Banks:

Why do people like to deposit money in bank

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Banks are present everywhere, but it is very difficult for poor households to get loan from the bank than taking a loan from informal source?Why it is so?

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