Question

Uses of bank in our daily life

Answer 1

Answer:

In the present time bank are very useful .Banks provide funds for the business and play an important role in the development of a nation. It acts as an intermediary between people having surplus money and those requiring money for various business activities.

Answer 2

The basic functions of a bank is to collect the deposits from the depositers and to disburse the loans to borrowers. The difference between the interest rates of deposit and loans is the profit sourse of bank. The banks plays an important role in our life. We can get the facilitires of banks as
1]We can deposit our cash at bank for security and also we can earn interest on it,and withdraw it when we needs it.
2] When we get any amount through cheque/Demand draft we can deposit it in our bank A/c.
3]We can withdraw cash from our A/c. When we have to pay anybody a certain amount ,we can transfer it to his A/c. It's a safe way of payment.
4] If we have to send any amount to a person at another city we can send it through demand draft.
5]Whenever we are in need of money we can take loans from bank.
6] Bank also proves us safe deposit locker system.We can keep our valuable things like golden ornaments,important documents in it......
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