what are utility of banks explain in brief?
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There are several general utility services that commercial banks offer like: Issuing traveler cheques. Offering locker facilities for keeping valuables in safe custody. Also, issuing debit cards and credit cards, etc.
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Some of the most important utility functions of the banks may include the issue of drafts, letter of credits, etc., locker facility, underwriting of shares, dealing in foreign exchange, project reports, social welfare programs, other utility functions.
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