Bank

A bank is a financial institution which is primarily responsible for holding the customer’s account and manage their fund. Bank’s get commissions and charges for the services offered to the customer.

Modern banks provide lot many featured than conventional banking. Banks are the involved in all the sectors of market and provide different products to offer financial assistance to its customers.

Issuing Loans and maintaining saving accounts are the primary business of the any bank. However, there are lot other areas where the banks operate.

Example of some basic banks operations:

Retail Operations:

Opening savings and current accounts.

Issuing cheque books.

Offer debit cards.

Processing cash withdrawals.

Performing cheque deposits.

Booking loans

Opening term deposit accounts

Providing Bank guarantee

Issuing letter of credit

And so on..

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