QuestionsCategory: QuestionsWhat are the main functions of a bank?
Aman Sharma asked 5 months ago

What are the main functions of a bank?

1 Answers
aman kumar answered 5 months ago

Tthe primary function of bankĀ 

1. accept deposits : Bank accept deposits form the general public ,give them nominal rate of interest and give them when they want in Savings Deposit Fixed Deposit, Current Deposit ,Recurring Deposit
2. Granting Loans and Advances: Taking interest on loan and advances is the major part of bank where they get the profitĀ  Cash Credit Bank Overdraft Loans Discounting Bills

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