Describe in brief subsidiary functions of bank. - Vidyadip

Question

Describe in brief subsidiary functions of bank.

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Answer

Following are the subsidiary functions of Bank.
To maintain financial transactions on behalf of customers.
Transactions related to currency exchange.
Issuing letter of Credit.
Issue travellers cheques.
To give facility of demand draft.
To give information about concerned account holders and customers.
To provide service as underwriter.
To provide service of $ATM, DEMAT$, Safe Deposit Vault.
To give facility of Debit Card and Credit Card.

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