Sign Banking PPT Massachusetts Easy

Industry sign banking massachusetts ppt easy

hello everyone struggled about freedom our YouTube channel may homophilic never video leaked a to video star can expel Arab name or a channel a BTech subscribed media to channel cause the route subscribe cream or Bella condom Anna makgulee tacky him Kobe video Toluca notification of good Turin media video contact the route de aqui agar aapke Mara video person data to it like or comment in the Rookery Pacelli video co-starred Curtin Hodge Immokalee topically can use Konami commercial bank what is commercial bank or what are their functions to Chile start Kathy what is commercial bank commercial bank is primary unit of Indian banking system like other business commercial bank also aim to unprofitable for a variety of service to their customers commercial bankers and financial institution which perform the functioning of accepting deposit and granting loans for making investment with the aim of earning profit function of commercial banks the function performed by the commercial bank can be classified has ended two heads first one is primary function and the second one is secondary functions under the primary function commercial bank performed two activities first one is accepting deposit and second one is advancing or granting the loans so under the accepting deposit it is the most important function of commercial bank they accept deposit in several form according to their requirement of that different section of this society that main kind of deposits are first one is current account deposit or demand deposit these deposit refer to those deposit which are reachable by the bank on demand such deposit are generally maintained by businessman with the intention of making transics with such deposits they can be withdrawn upon by a check without any restrictions bang do not pay any interest on this account rather Bank impose service charges for running these accounts second one is fixed deposit or time deposit fixed deposit refer to tows deposit in which the amount is deposited with the band for a fixed period of time such deposit do not enjoy a checkable facility these deposit carry a high rate of interest the third one is saving deposit this deposit combined feature of both current account deposit and fixed deposit the depositor are given cheque facility to withdraw money from their account but some restrictions are imposed on number and amount of withdrawals in order to discourage frequent use of saving deposit this account carry a rate of interest which is less than interest rate on fixed deposit so these are the primary function under which a septim accepting deposit these are the three men deposit which you can deposit in the bank in advancing loan the deposit received by the banks are not remain idle so after keeping certain cash reserve the balance is given to the needy borrower and the interest is charged from them which is the main source of income for the banks and different types of loans and advances our first one is cash credit cash credit refer to a loan given to the borrower against his current assets like share stock bond etc a credit limit is sanctioned and the amount is credited in his account the borrower may withdraw any amount within his credit limit and interest is charged on the amount actually withdraw the second one is demand loan demand don't refer to those loan which can be recalled on demand by the bank at any time the entire sum of demand loan is credit to the account and the interest is payable on the entire sum the third one is short-term loan these are given as a personal loan again some collateral that is security the money is credited to the account of borrower and the borrower can withdraw money from his account and interest is payable on the entire sum of loan granted so these are the primary function that is a second EPS acting deposit and advancing of loan so net loss rule now let's talk about the secondary function of the bank under the secondary function commercial bank perform the following activities first one is overdraft facilities it referred to a facility in which a customer is allowed to overdraw s current account up to an agreed limit this facility is generally given to a respectable and reliable customer for a short period customer have to pay interest to the bank on the amount overdrawn by then the second one is discounting of bill of exchange it referred to a facility in which a holder of a bill of exchange can get the bill discounted with bank before the maturity after deducting the Commission bank pays the balance to the holder on maturity bang gets its payments from the party which had accepted the bill third one is agency function commercial bank also performs certain agency function for their customers for this service bank charge some Commission from their client some of the agency function are transfer of fund bank provide the vessel of economical and easy remittance of fun from place to place with the help of instrument like demand draft mail transfer etc second one is collection and payment of various item commercial banks collect check bill interest dividends subscriptions and rent and other periodical recipie on behalf of their customers and also make payment of taxes insurance premium etc on the standing instruction of their client third one is purchase and sale of foreign exchange some commercial bank are authorized by the central bank to deal in foreign exchange they buy and sell foreign exchange on behalf of their customer and help in promoting international trade fourth one is purchase and sale of securities commercial bank buy and sell stock and shares of private company as well as government securities on behalf of their customers fifth one is income tax concerned ten C they also give advice to their customer on matter relating to income tax and even prepare their income tax return next one is trustee and executors commercial bank preserve the Wills of their customer as trustee and execute them after their dealers executors after sorry after their death has executors the next one is letter of reference they give information about the economic position of their customer to trader and provide the similar information about other trader to their customer so these are all the function which commander agency functions let's talk about the general utility functions commercial bank renders some general utility service such as locker facilities commercial bank provide facility of safety vaults or local to keep valuable article of customer in sea custody second one is letter of credit they also issue a letter of credit to their customers to certify their credit worthiness third one is traveler cheque commercial bank issued traveler's cheque to their customer to avoid risk of taking cash during their journey 4th one is underwriting of securities commercial bank also undertake the task of underwriting securities as public has full faith in the creditworthiness of Bank public do not hesitate in buying the securities in the writer underwritten by banks and the last one is collection of Statistics Bank collected published statistics relating to trade commerce and industries hence they advise the customer on financial matter so that's all about I have to tell you about the commercial bank and their function so if you have any query in anything or any any place you can comment me in the comment box so if you like my video please press the like button and subscribe my channel for more and more updates thanks for watching