Commercial Bank Explained 💰Meaning, role & functions in simple words | Economics |Commerce | Banking

Описание: What is a Commercial Bank?
A commercial bank is a financial institution that accepts deposits from the public and gives loans to individuals, businesses, and the government.
Examples: SBI, HDFC Bank, ICICI Bank.

⸻

🎯 Role of Commercial Banks

Commercial banks play an important role in the economy:
• They keep our money safe
• They provide loans for business, education, and homes
• They promote saving habits
• They help in economic development
• They act as a link between savers and borrowers

⸻

⚙️ Functions of Commercial Banks

1️⃣ Primary Functions
• Accepting Deposits (Savings, Current, Fixed, RD)
• Giving Loans & Advances (Home loan, business loan, overdraft)

2️⃣ Secondary / Agency Functions
• Collection of cheques and bills
• Payment of electricity bills, taxes
• Transfer of funds
• Acting as an agent for customers

3️⃣ General Utility Functions
• ATM & Debit Card services
• Internet & Mobile banking
• Locker facility
• Foreign exchange services

⸻

📚 Useful For

Class 9–12 | B.Com | BBA | Economics | Banking Exams

Explained all in easy language!
Subscribe to my channel 💖
#viral #exam #trending #economics #exampreparation #easylanguage #reach #lastminute #banking #class12 #commercialbanks #functions #features #commerce #explainedinhindi #trending #allinone #video #shortvideo