हिंदी

Banking > Functions of Commercial Bank

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Topics

  • Primary Functions
  • Secondary Functions 
CISCE: Class 12

Key Points: Banking > Functions of Commercial Bank

  • Acceptance of Deposits: Banks accept current, savings, and fixed deposits from the public to mobilise savings.
  • Advancing Loans and Credit: Banks give loans through cash credit, overdrafts, term loans, and discounting of bills.
  • Facilitating Payments: Payments are made easily through cheques, drafts, and electronic transfers.
  • Transfer of Funds: Banks help in quick and safe remittance of money from one place to another.
  • Agency & Utility Services: Banks collect payments, pay taxes and insurance, deal in shares, provide lockers, cards, and advisory services.
  • Credit Creation: Banks create credit by lending more than their actual cash deposits.

Video Tutorials

We have provided more than 1 series of video tutorials for some topics to help you get a better understanding of the topic.

Series 1


Series 2


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Primary Functions of a Commercial Bank [00:05:38]
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