What are the functions of a bank?
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The main functions of a bank are as follows.
⇒ To Provide Loan.
⇒To save money .
⇒Provide Interests.
⇒Transfering of money from one A/c to another A/c.
⇒ To Provide Loan.
⇒To save money .
⇒Provide Interests.
⇒Transfering of money from one A/c to another A/c.
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˙❥˙The function of a Bank is to collect deposits from the public and lend those deposits for the development of Agriculture, Industry, Trade and Commerce. Bank pays interest at lower rates to the depositors and receives interests on loans and advances from them at higher rates.✧*。
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