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Q 1517356280.     Whenever some people wish to enter into the business world, it is a must for them to approach a bank. What services do banks provide them in this regard?
(1) Banks act as payment agents by operating current accounts, paying cheques and receiving payments for them.
(2) Maintaining account books for them for their day-to-day activities so that they are not required to appoint account/
finance personnel on a regular basis
(3) Lending money by way of overdraft, installment loan, credit or advance for business activities
(Provided By a Student and Checked/Corrected by EXXAMM.com Team)