What is Garnishee Order

Garnishee orders Meaning and Definition Images

Delegation of Powers
Bank do's and dont's under garishee order:
Paymentbof cheques
Right to set off

Major Function of a Bank :

What is the Functions of Bank?
Major Function :
1.To Mobilise deposits from the public and
2.Invest or Lend these Deposits The Banks
3.Pay interest on the Deposit
4.Receive interest On the lendings and Investments Made by them.
5.Earn profit from the difference between the interest received and the interest paid.

related tags:
most important functions of bank.

Main Functions of Bank :

What is the functions of Bank?
Most Important Main Functions of Bank :

Central Banking Service :
Issue of Currency of NotesActs as the banker to the Govt.
Ctrl’s the Credit
Acts ass banker’s bank
Regulates the internal and External Value of Money.

Commercial Banking Service  :
Receiving Various Types of Deposit .
Lending Various types oof Loans.
Extending Some Non Banking Customer Services.

Specialized Banking Services :
Industrial Banks to lend long term loans for individuals
Lend mortgage banks for granting loans on equitable mortgage
Rual Credit Banks for generating funds extending rural credit.

Non Banking Financial Service :
                                 Many banks in India are offering ancillary services and non banking financial services Like Custodial service, Letting out of Safe Deposit lockers, Wealth mgt Services, Foreign Exchange etc…..


related keywords :
banks function, banks services, bank is a service sector. banking financial service, commercial banks.