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What is Bank?
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Answer / wanted
Bank is one of the Financial Institution which accepts
Deposits from the Public who have Surplus Income, And lend
the money to the Public who have the Need of money. The
Difference Between the Interest Charged on the Deposits &
Loans are the profit to the banks.
| Is This Answer Correct ? | 39 Yes | 2 No |
Answer / r sumitra
bank is a financial institution concerned with accepting
deosits and giving loans
| Is This Answer Correct ? | 20 Yes | 1 No |
Answer / aruna
An organisation ,usually a corporation,chartered by a state
or federal govt ,which does the following:Receives demand
deposits,time deposits,honors instruments drawn on
them,pays interest on them ,invest in securities
| Is This Answer Correct ? | 9 Yes | 3 No |
Answer / snaveenbabu
BANK IS A BARTER SYSTEM , RECEIPTS & PAYMENTS
| Is This Answer Correct ? | 3 Yes | 1 No |
Answer / shruti
bank is a financial institution who is doing no. of jobs directly as well as indirectly for its customer.it accept deposits from its customer and also provide loan & withdrawn facilities to them.it act as an representative on behalf of its customer.overall bank is a financial institution which dealsa with money as well as money's worth.
| Is This Answer Correct ? | 3 Yes | 2 No |
Answer / guest
when people are take and give money
bank mien the house of collective money.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / deepak
Bank is that Organisation Where Any Individual, Business Man &
Corporate Sector Can Deposit & Withdraw Their Daily Income.
A Bank Can Help To Everyone Who Needs Money.
But These Days Banks Became Very Necessary to everyone. Bank
Provides Us Many Types of Facilities Such As : Internet
Banking, Mobile Banking, NEFT & RTGS, CBS Etc.
| Is This Answer Correct ? | 0 Yes | 0 No |
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