Types of Deposits Current Deposits Saving Deposits Time Deposits Recurring Deposits B Granting Loans and Advances 1 Term Loan 2Overdraft Facility 3 Cash Credit 4Purchasing and Discounting of Bills ID: 1020371
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3. Primary Functions A) Accepting deposits Types of Deposits:Current DepositsSaving DepositsTime Deposits Recurring Deposits B) Granting Loans and Advances 1. Term Loan 2.Overdraft Facility 3. Cash Credit 4.Purchasing and Discounting of Bills
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13. 1.Agency Functions Payment and Collection of Cheques, Bills and Promissory Notes,Execution of Standing InstructionsAct as a Trustee or ExecutorMaking Payments Receiving Payments Purchase and sale of SecuritiesAct as a Representative
14. 2. General utility functionsSafe Custody and Safe Deposit Vaults Remittance of FundsPension PaymentsActing as a Dealer in Foreign ExchangeIssue of Letters of CreditUnderwriting of SharesCollection of Dividend and Interest WarrantsPurchase and Sale of Stocks and Shares Acting as trustee , Executor Compiling Information and Publishing it.
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