name the services
provided by bank
Dear student,
The banks provide following services.
1. Bank draft facility, it is an instrument through which funds can be transferred from one individual to another.
2. RTGS and NEFT facility, that facilitates transfer of funds from one account to another.
3. Cheque facility- It is a cheap, safe and convenient method of making payment.
4. Bank provides locker facility.
5. Banks act as agent to customer in many ways. They collect cheques, draft, etc on behalf of customer. They also collect and make payment on behalf of customers, like tax, premium, dividend, interest, etc.
Regards
The banks provide following services.
1. Bank draft facility, it is an instrument through which funds can be transferred from one individual to another.
2. RTGS and NEFT facility, that facilitates transfer of funds from one account to another.
3. Cheque facility- It is a cheap, safe and convenient method of making payment.
4. Bank provides locker facility.
5. Banks act as agent to customer in many ways. They collect cheques, draft, etc on behalf of customer. They also collect and make payment on behalf of customers, like tax, premium, dividend, interest, etc.
Regards