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Commercial bank,Functions of Commercial Banks( in Hindi)
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Commercial banks, functions of bank( in hindi)

Prabhjeet kaur
B.com second topper of institute since 5 years and have an 2 years tuition experience I want to become a professor, bank manager.

U
Unacademy user
Mam when will you start php course ?
  1. Commercial banks


  2. Meaning of commercial banks O Commercial banks is a profit based financial institution, they grants loans, accept deposits, O Provide facility, overdrafts and electronic Transfer of funds


  3. Functions of commercial banks 1. Primary banks. 2. Secondary banks O PRIMARY FUNCTIONS: O Accepting deposits O Demand deposits O Time deposits


  4. Secondary functions 1. Agency functions: O collecting cheques: behalf of the customer. O Collecting income: banks collects pension,rents,on behalf of the customer. O Paying expenses: the payments of various obligations, telephone bills,school fees,rents. 2. GENERAL UTILITY FUNCTION; O providing locker facility. Transferring funds. O Banks issue traveler cheques.


  5. Other function O Creating money. O Electronic banking O Bank credit.