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One function of a bank is to accept deposits and granting loans and advances to their customers. Another function is to transfer money from once place to another and issue letters of credit, circular notes or travelers cheques.
Wiki User
∙ 9y ago
Wiki User
∙ 11y agoBasic functions of banks are as follows:
1. Circulation of money
2. Cash/cheque deposit.
3. Cash Withdrawal.
4. Cash transfer
5. Account management
6. Loan Providers
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