Banks do these 8 works

Trending 1. Deposit accepts commercial banks provide many types of deposit accounts to deposit their money, including savings accounts, running accounts and fixed deposits. 2. Loan and advanced commercial banks offer loans and advance facilities to individuals, businesses and industries. 3. Commercial banks offer loans to people. If they borrow money, they also earn more money than saving. 4. Electronic fund transfer Commercial banks enable electronic fund transfer through channels such as online banking, mobile banking and electronic payment systems. 5. Cover facilities offer overdraft facility to bank account holders, giving them the facility to withdraw more funds from the available amount in their account to a fixed limit. 6. Investments in securities invest commercial banks in different types of government security, including government bonds, corporate bonds and other marketable securities. 7. Foreign exchange service facilitates international trade through foreign exchange in India. Currency offers services such as exchange and outdoor compensation. 8. Financial investigation commercial banks help with financial inclusion by delivering banking to remote rural areas. Click here Life & Style Click for more stories Click here