Question

Visit the branch of any commercial bank write a report on various function performed by bank conclusion

Answer 1

A bank has the following functions in a nut shell:

1.    Opening and maintaining savings account with or without check facilities.

2.    Opening the current account.

3.    Fixed deposit account opening.

4.    Loan against property: property loan.

5.    Personal loan against salary certificate.

6.    Home loan for buying a house or apartment.

7.    Car loan.

8.    Educational loan.

9.    Debit and credit card facilities.

It should be noted that there is the various procedure for enjoying the banking facilities.

The are various terms and condition, filling up of the form of various nature are the part and parcel of a function of a Bank.

The rules are more or less similar for different P.S.U  and Private Bank.