Business Studies, asked by Anonymous, 1 year ago

what are functions of bank​

Answers

Answered by baljitsingh96
5

Providing loan to people

Helping in any money issue

filling up forms and receiving them


baljitsingh96: thankyou
syab: and attached high rate of interest
syab: hahaa
Answered by fatamtany
2

▪ Accepting deposits from public.

▪ Lending money to public.

▪ Transferring money from one place to another

▪ Collecting money by cheques, drafts, and bills.

▪ Discounting of bills.

▪ Hiring safe deposit lockers.

▪ Conducting foreign exchange transactions.

▪ Keeping valuables in safe custody.

▪ Issuing letters of credit and guarantee.

▪ Conducting government transactions. (State & Central)

Similar questions