What Are the Modern Functions of Commercial Banks? (2024)

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The modern functions of commercial banks are:

  1. Collection of deposits
  2. Facilitating payments
  3. Collection of cheques
  4. Providing overdraft facilities
  5. Providing locker facilities

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Also see:

See Also
Bank of 2030: The Future of BankingHow Do Commercial Banks Work, and Why Do They Matter?How the Banking Sector Impacts Our EconomyThe history of banking from ancient times to now - First Utah Bank

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