Question

write about any four services of facilities provided by banks now a day​

Answer 1

Answer:

Explanation:

Advancements of loans.

Cheque payments.

Discounting on bills of exchange.

Collecting and paying the credit instruments.

Guarantee by banks.

Consultancy.

Credit cards.

Funds remittance.

Answer 2

Any four services provided by banks-

1. Savings account- The banks provide the services to create savings accounts for the users where people can save their excessive amounts. It also encourages the positive habit to save. Money can be withdrawn and deposited according to the requirements of the user.

2. Benefits of debit cards- Debit cards are provided by the bank for easy transactions. It allows the user to travel cashless and rely on digital banking. When paid by debit cards, the amount is directly deducted from the connected bank account of the individual.

3. Banks provide loans- Business loans, personal loans, housing loans, educational loans, and others are offered by the banks that help people to avail the required fund for the necessary purposes. The individual can pay the loans back in segments.

4. Digital Banking-  Recently, with the digitalization of the industries, these financial institutions have also undergone the same and enabled the users to create phone wallets. Internet banking, online money transfers, payments by digital banking are some of the recent benefits that allow people to avail effortless banking.