list out the characteristics relating to bank
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Explanation:
Characteristics of a Bank / Features of Banking
It may be an Individual/Firm/Company.
It is a profit and service oriented institution.
It acts as a connecting link between borrowers and lenders.
It deals with money.
It accepts deposits from public.
It provides Advances/Loans/Credit to customers.
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The list of the characteristics relating to bank transactions is as under:
1. Dealing with money,
2. Acceptance of deposits
3. Lending loans
4. Payment and withdrawal
5. Agency and Utility services,
6. Profit and Service orientation
7. Connecting link
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