what are primary function and secondary function of bank?
Answers
The bank also gives advances to its customers. These are also the primary functions of the banks. The bank provides the services of overdraft, cash credits, loans, and discounting of the bill of exchange. The banks also take part in what we call the secondary functions of the bank.
if you are satisfy with my ans then mark me as a brainlist
if there is something wrong then kindly rectify it
primary
The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.
secondary
Following are the important secondary functions of the Banks: Agency Functions: The bank is an agent for its customers in a way that it invests on behalf of its customer. ... The banks also provide several services like the safe deposit locker facilities, safe custody facilities and demat accounts.
mark as the brainliest..hope my ans helps u