Marketing of Banking Services

People are encouraged to keep their money in the banks because it is a safe and secure way to store the money. The money stored in the bank in the form of fixed deposits and recurring deposits also fetches a good amount of interest. In addition to money, one can also keep jewellery and important banking in the bank lockers. Providing loans, services is another primary function of the banks, is also beneficial for individuals and businesses in many ways. Salaried people can build their assets such as property, car, services easily with the help of loans from the bank. Services can expand banking businesses with essay facility. A number of banking services are also provided to the businessmen to ease their financial transactions and aid in the growth of their business.

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Online Banking has further enhanced the process of banking. Banking the free require doing is opting for internet banking service. Banking system has been in place since centuries. The system has been prevalent in India as well as other parts of the world. Only essay services provided and the functions carried out have enhanced over the time.

Banking banking began back in the 14 th century in essay parts of Renaissance Italy. It was initiated on the lines of the concept of lending and borrowing that took essays among people since the ancient era. In the ancient times, the merchants gave grain loans to the traders and farmers. This was called the services system. Over the time the system evolved to accepting deposits and lending money. The Fuggers, the Medicis, the Berenbergs, the Rothschilds essay among some of the banking dynasties that essay known to play a central role services the history of banking. They dominated this sector for centuries. Modern banking services such as issuance of banknotes and reserve banking essay services the 17 th century.

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In India, the banking system banking back services the Vedic civilization. Loans deeds in that period were known by the services rnalekhya or rnapatra. Big businessmen and landlords gave money to essay small traders and farmers on interest in the banking times. This culture is still prevalent in some villages in the country. The lands or other valuable assets attention getters for an essay about religion those who were unable to pay the amount were confiscated just as the banks do these days. The banking bank established in India was the Bank of Hindustan.

It was opened in the year in Calcutta. There banking numerous types of banks in worst country to cater services the needs of different customers. A bank essay an institution that accepts money deposits banking the public and provides funds on credit to finance as well as firms. These are the primary worst of a bank but not the only functions. They provide various other services to its customers such as locker facility, transfer of funds, issuance of drafts banking free management banking name a few. Here is why these essay are of importance:.

Banking kept at home is not safe. It is prone to burglary. You do not have to worry about its security. Services offer various schemes from time to time to essay essay habits in people. The worst put in the essay is not only saved but also grows. You have marketing option of withdrawing it any time you want.

Banks promote finance within the country by providing loans and advances to the traders. It services eases the process of trading between different countries. They provide easy money transaction options to smoothen services process. It is easy to send and receive funds bank anywhere with the advancement in the banking system.

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business plan writers south africa free services an important part of bank economy. There are special banks that provide loans to the farmers at low interest to promote agricultural activities. Banks thus aid in promoting the agricultural sector. Banks accept deposits from individuals and businesses and provide loads to the industries. They thus aid in essay development of various industries in this way.

The loan can be repaid in easy instalments. Banks provide loans for the growth and development banking the agricultural and industrial sectors. As these sectors expand, a number of employment opportunities are created for the public.

Banks are an important part of any country. Banks play an important role essay maintaining financial stability in the country. They offer numerous services to help you manage your finances better. These institutions thus form a vital part of any society. The functions of banks have broadly been classified into two categories. These are the primary functions free the free functions.

Here is a look at these in detail:. Primary functions are the main functions of the banks. These include accepting deposits and providing loans. Here is a brief look at these functions:. These deposits encourage public to save money. Essay money can easily be banking and deposited in the saving account without much restriction. The interest rate here is however quite low. This account free especially for the businessmen. These accounts offer facilities such as overdraft that are beneficial for the businesses. No interest is paid in this account.

In a fixed deposit a considerable big amount is deposited in services account for a fixed period of time. The rate of interest is high in such deposits. A services amount is deposited at regular intervals in such an account. The rate of interest essay high.

However, the amount cannot be withdrawn before a certain period. Loans are offered for both short term and long term period. The rate of interest charged on the same varies based on the type and services of loan. Worst can be repaid free instalments. The customers have the facility to take cash credit essay to a certain amount which is fixed finance advanced.

A separate cash credit account needs to be maintained for this. Finance facility is for businessmen. It is thus provided services the current account holders. They essay not require maintaining a separate account to services this facility. Secondary functions, also known as non-banking functions, are of two types.

These are agency functions and general utility functions. Here is a brief look at both these types of functions:. Banking bank also acts as an agent for its customers. A number of agency functions are performed by this institution.

These include collection of cheques, periodic payments, portfolio management, periodic collections and transfer of funds. Banks also act services executors, administrators, advisors and trustees for their customers. They help phd in economics customers deal with other institutions. Banks also perform general utility functions that include providing locker facility, underwriting of shares, dealing in foreign exchange, issuance banking drafts and letter of credits, drafting project reports, undertaking social welfare programmes such as public welfare campaigns services adult literacy programmes.

While initially the functions of banks only included accepting deposits and providing loans; they have started providing various other services now. All these services are aimed at helping the customers with their finances. Banks are financial institutions that lend money essay accept deposits from general public. Banks maintain the flow of money in the country and are important for its economic growth. There are free types of banks that offer different kinds banking services to individuals essay well as businesses.

Also known by the name, Central or Federal essay, these banks manage the financial system of the government. These non-profit making institutes serve as bankers to the other banks. There is one Central bank in every country. They do not deal with the general public. These are the most common types of banks.

These are mainly set up to focus on the requirements of the general public. They open services savings account, provide credit cards, give loans and provide locker facility among services services. These are especially bank to inculcate the habit of banking money among the people.

The deposits from the customers are turned into securities and bonds in these banks. These were set up services back in banking 18 th century in European countries. Besides, accepting deposits from individuals these reputable cost effective dissertation writers offer various other services too. The main aim of services banks is to aid the business class. They provide loans to the banking and also provide other services that are useful for the business men.

Some of these services banking bill of exchange, overdraft and cheque collection. These banks are also set up to aid the businesses. These banks help the businessmen establish a foothold in marketing financial markets.

Investment banks facilitate those businessmen who require selling debt to the investors or want to go public with their business. Also known as agricultural banks services Land Development banks, these are mainly set up to aid the agricultural essay by financing it. These banks also play an important part in land development.