Economy, asked by karishmatanna0, 5 months ago

Write a note on main functions of bank.

Answers

Answered by akshara50163

2

Answer:

Primary Functions of Bank

Saving Deposits: encourages saving habits among the public. It is suitable for salary and wage earners. ...

Fixed Deposits: Also known as Term Deposits. ...

Current Deposits: are opened by businessmen. ...

Recurring Deposits: A certain sum of money is deposited in the bank at a regular interval.

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