Question

what are functions of bank​

Answer 1

Providing loan to people

Helping in any money issue

filling up forms and receiving them

Answer 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)