Question

what are the function of banks??

Answer 1

Few functions of banks :-





Advancing of Loans.

Overdraft.

Discounting of Bills of Exchange.

Check/Cheque Payment

Collection and Payment Of Credit Instruments

Foreign Currency Exchange.

Consultancy.

Bank Guarantee.

Remittance of Funds.

Credit cards.

ATMs Services.

Debit cards.

Home banking.

Online banking.

Mobile Banking.

Accepting Deposit.

Priority banking.

Private banking.

Answer 2

provide loans
secure our money and jewellery
give interset on our deposit money