Bank is a financial Institution. It takes deposit from public, lending money to the people and make investment.
Main Funcition of a Bank :
(a) Accept of deposits from Public
(b) Lending Money to the people
(c) Investment
Banks also function of various works :
(a) Collection and payment of cheques
(b) Payment on behalf of customers
(c) Purchase and sale of stock
(d) Acting as trustee, acting as correspondents
(e) Opening letter of credit
(f) Safe custody
(g) Dealing in foreign exchange
(h) Complete service in foreign trade
(i) Providing credit reports
(j) Providing remittance facilities
(k) Providing advisory services
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