merits and demerits of commercial banks

Dear student,

Merits of Commercial Bank

* The commercial banks operate from various branches which provide customers to access accounts from any nearby location.
* The commercial banks do not charge money for opening and maintaining saving accounts.
*The commercial banks provide variety of services and products to customers, like cheque book facility, credit and debit card, locker facility, etc.
* The commercial banks provide credit facilities.

Demerits of Commercial Bank

* Taking a loan of heavy amount from commercial bank is a time consuming process.
*  The commercial banks do not provide any concessions in interest rate while granting loan to customer.


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