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Primary function of commercial bank

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Primary function of commercial bank

    • Posted by Ashu Bansal 4 years, 11 months ago

    CBSE > Class 12 > Economics
    • 3 answers

    Pooja Bikuniya 4 years, 11 months ago

    The primary functions of commercial banks are 1.Accepting Deposit ( current account ,saving account ,fd account ) 2.advancing loan (long term loan ,demand loan ,short term loan ) 3. overdraft facility 4. discounting bills of exchange 5. agency function 6 general utility function etc.....

    1Thank You

    Saloni Jain 4 years, 11 months ago

    The primary functions of commercial banks are as follows : 1) accepting deposits - fixed deposits , saving deposits and current account deposit 2) advancing loans - cash credit, demand loans and short term loans

    0Thank You

    Yogita Ingle 4 years, 11 months ago

    The primary functions of a commercial bank are accepting deposits and also lending funds. Deposits are savings, current, or time deposits. Also, a commercial bank lends funds to its customers in the form of loans and advances, cash credit, overdraft and discounting of bills, etc.

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