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BANKING

BANKING. PRIMARY FUNCTIONS. WHAT IS A PRIMARY FUNCTION?

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BANKING

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  1. BANKING

  2. PRIMARY FUNCTIONS

  3. WHAT IS A PRIMARY FUNCTION? Primary Functions of Commercial banks Accepting Deposits is the primary functions of commercial banks and is the basis of its existence. Without accepting deposits, a bank cannot execute any other functions and as such it is very important to understand the primary functions of commercial banks. Primary Functions of Saleable bank Accepting Deposits is a primary function of saleable bank and is the basis of its life. Without accepting deposits, a bank cannot finish any other functions and as such it is very important to understand the primary functions of commercial banks.

  4. Accepting Deposits …

  5. Fixed deposit is An agreement to place an amount of money on deposit with the CRDB Bank Limited for a fixed term . Saving deposit is when you may been saving for a new car or a house. In deposit terminology, the term Current Deposit refers to a deposit to a bank account or financial institution without a specified maturity date .

  6. A recurring deposit is Recurring Deposits are a special kind of Term Deposits offered by banks in India which help people with regular incomes to deposit a fixed amount every month into their Recurring Deposit account and earn interest at the rate applicable to Fixed Deposits.

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