Types of Services by Banks

Types of Services by Banks

1. The bank offer organization to withdraw fund more than their deposits, technical this is called overdraft facility. Normally overdraft facility is not generally offered facility . it limits and condition vary client to client.
2. International Trade :- Facilitate international trade by opening letter of credit.
3. Personal Loans :- The bank offer different personal loans to public for daily consumption. These loan is usually unsecured.
4. House Loan :- The bank offer loan for house construction and renovation usually these loan are secured.
5. Finance Leasing :- The bank also offer finance lease facility i.e to provide asset against rentals , these rental may vary from three to five years.
6. Discounting the Bills :- The bank also discount bill for businessmen.
7.  The Bank Guarantees ;- The bank offer bank guarantee services to the client . This means bank guarantee second party to pay on behalf of first party if first party default.