This document provides an overview of banking and its functions. It begins with welcoming the reader and posing introductory questions. It then defines banking as a business service that accepts deposits from the public and grants loans. The main text outlines the primary functions of banks as accepting deposits and granting loans through various accounts and credit options. It also details the secondary functions of banks as agency functions like collections and payments, and utility functions such as lockers, traveler's checks, and letters of credit. In the end, it assigns questions for readers and an activity on functions of various banks.

1. WELCOME ONE
AND ALL

2. ANSWER THE FOLLOWING QUESTIONS…
Q.1. Name 2 categories on which
Commerce is divided..
Q.2. Which activities come under aids
to trade?
Q.3. Which service sector/aids to trade
provides funds to the business?

3. SO, TODAY WE ARE
GOING TO LEARN ABOUT
BANKING AND
ITS FUNCTIONS

4. WHAT IS BANKING?
BANKING – A Business
Service
It’s an organization
which accepts depostis
from public and grants
loans.

5. FUNCTIONS OF BANK
PRIMARY
FUNCTIONS
SECONDARY
FUNCTIONS

6. PRIMARY FUNCTIONS
Accepting Deposits
Fixed Deposits
Saving A/c.
Current A/c.
Recurring A/c.
Multiple Options A/c.
Granting Loans
Loans
Advances
→ Cash Credits
→ Overdrafts
→ Discounting Of Bills

7. SECONDARY FUNCTIONS
Agency
Functions
Utility
Functions

8. Agency Functions
 Collections of Cheques, dividends and interests
 Payment of Rent, Insurance premiums,etc.
 Dealing in foreign exchange
 Purchase and sale of securities
 Act as trustee, executor of will, attorney, etc.
 Act as Correspondent
 Preparation of Income Tax Returns
 Bank Drafts
 Underwriting of Shares
 D-Mat A/c.

9. Utility Functions
Locker Facility
Traveller Cheque
Letter of Credit (L/C)
Gift Cheque

10. So, today we learnt
about Banking and
Its Functions

11. Answer The Following Questions
Q.1. What do you mean by the term Banking?
Q.2. What are the functions of bank?
Q.3. What do you mean by Recurring Deposit
A/c.?
Q.4. What are the Agency functions of bank?
Q.5. What are the Utility functions of bank?

12. Assignment
Write the names of various
banks and its functions
Write any 4 functions of bank
under each category

13. THANK
YOU