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Briefly describe the services (other than deposits, loans, investment banking and insurance) being provided by the...

Briefly describe the services (other than deposits, loans, investment banking and insurance) being provided by the financial institutions.

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Answer #1

Following are the services provided by the financial institutions:

1. Issuing letter of credit and Bank Gaurantee

2. Protfolio management services

3. Facility of remitance of funds and Electorinc funds transfer

4. Money exchange services

5. Collection of Bills, Cheques , instruments.

6. Providing the services of Safe deposit Vault

7. Demat , ATM, Credit card , Mobile banking , internet banking services

8. Purchasing and selling of bonds, scrips and othe forms of securities on behalf of constituents.

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