Question

Write down any two functions of Commercial Bank.

Answer 1

Answer:

The primary functions of a commercial bank are accepting deposits and also leading funds .

Deposits are savings ,current ,or time deposits .Also ,a commercial bank lends funds to its customers in the form of loans and advances ,cash credit ,overdraft ,and discounting of bills etc.

Explanation:

plz follow me friend and mark this answer as a brainlist answer plz

Answer 2

Functions of commercial banks :-

1) Lending of Funds - It provide loans and advances out of the money received through deposits . These advances can be made in the form of overdraft cash credit .

2) Cheque Facility - The banks collect the cheques for their customers drawn on other banks . To collect cheques banks have clearing houses .

3) Agency Functions - Bank pay insurance premium on behalf of their clients , Bank also collect divided premium , interest , pension , etc .