This article throws light upon the top eight roles of a bank. The roles are: 1. The Source of Funds 2. Banks Help Develop Industry and Trade 3. Financial Assistance to Agriculture 4. Financial Help to General Public 5. Financial Intermediation 6. Trust, Liquidity, Safety 7. Provides Information to Credit Reference Agencies 8. Service Quality—Customer Service 9. Liquidity. Role # [...]
This article throws light upon the three main types of accounts that can be opened in a bank. The types are: 1. Saving Account 2. Current Account 3. Fixed Deposits Account. Type # 1. Saving Account: Mostly individuals open saving accounts for depositing their surplus money so that they are able to withdraw the cash in case of need. After [...]
After reading this article you will learn about the meaning and kinds of customers. Meaning and Definition of a Customer: There is no statutory definition of a customer, but banks appear to rely upon to recognize a customer: 1. For a person a person to be known as a customer of the bank there must be either a current account [...]