Question

Role and functions played by banks

Answer 1

1.the bank mediate between those who have surplus funds nd those who r in need of those fundss....
2.it takes deposits nd use them to lend loans.
3.it charges higher interest on loans as compared to what it provides on deposits
4.we can deposit our money in the bank nd withdraw it whenever we want.
5.these are also called demand deposits.
6.money can be deposited through cheque also

Answer 2

Hello friend
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Banks play an important role in the financial system and the economy.

They have 3 main functions :

→ In banks people can safely deposit their savings.
→ The people who deposit their savings to whom bank pay interest to them .
→ They are responsible for the payment system.
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Hope it will help u