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What are the funtions of a bank? Functions of Banks are :
+2
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asked
Feb 27, 2018
in
Class 12
by
kratos
What are the funtions of a bank? Functions of Banks are :
central bank
commercial bank
meaning and function
money and banking
functions and credit control
class-12
central banking
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1
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+6
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answered
Feb 23, 2021
by
kratos
Best answer
Accepting deposits from public and others.
Lending money to public (Loans) and other institutions.
Transferring money from one place to another (Remittances)
Collecting money on cheques, drafts and bills.
Discounting of bills.
Hiring safe
**
* lockers.
Conducting foreign exchange transactions.
Keeping valuables in safe custody.
Issuing letters of credit and guarantee
Conducting government transactions ( State & Central)
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