Services Rendered by Banks | India | Banking
In this article we will discuss about the different services rendered by banks. They are:- 1. Advances 2. Acceptances, Endorsements and Other Obligations 3. Bill for Collection 4. Bills Payable 5. Bills Purchased and Discounted 6. Rebate on Bills Discounted. 1. Advances: (i) Loans: A bank gives a loan to a customer by a fixed advance on a loan account. [...]