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Colleagues about it. So that they also can make use of this Blog.... Thank You search your topic here......... Loading... Thursday, October 25, 2012 Secondary Functions of Commercial Banks - Banking Awareness for IBPS We've already discussed about the Primary Functions of Commercial Banks (you can read that post here). Now we shall discuss the secondary functions of Commercial Banks. Secondary functions of Commercial Banks Besides the primary functions of Accepting deposits and Lending money, banks perform a number of other functions which are called secondary functions. Those functions are..... Issuing letters of credit, travelers cheques, circular notes etc. Undertaking safe custody of valuables, important documents, and securities by providing safe deposit vaults or lockers; Providing customers with facilities of foreign exchange. Transferring money from one place to another; and from one branch to another branch of the bank. Standing guarantee on behalf of its customers, for making payments for purchase of goods, machinery, vehicles etc. Collecting and supplying business information; Issuing demand drafts and pay orders; and, Providing reports on the credit worthiness of customers. Get Complete Shortnotes on Banking Awareness Here Banking Awareness for Bank Exams IBPS Clerks CWE at 3:16 AM Email This BlogThis! Share to Twitter Share to Facebook Labels: Banking Awareness, IBPS Clerks Online Exam Special 1 comment: neha saxenaOctober 26, 2012 at 4:50 AM your site is just awesome very very helpful thankyou so mch Reply Add comment Load more...

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