Question

explain various activities undertaken by the Banks explain various activities undertaken by the banks

Answer 1

The following are the main activities of a bank:

1) Provides savings accounts to encourage money saving practice.

2) Provides loans to common man, business house, small business and farmers

3) Provides house building loans

4) Provides fixed deposit facilities to people.

5) Provide money deposit and withdrawal from saving accounts.

6) Carryout out on line transaction through e-transfer and e-receipt.

7) Maintains PPF for common man and many more.