BANKING AFFAIRS

Detailed explanation-1: -Retail banking provides financial services to individual consumers rather than large institutions. Services offered include savings and checking accounts, mortgages, personal loans, debit or credit cards, and certificates of deposit (CDs).

Detailed explanation-2: -Retail banking offers accounts and basic financial services to individual consumers. These services can include checking and savings accounts, loans, credit cards, cash deposits, withdrawals, and more. Retail banks make money by loaning your deposited funds out with interest and charging you various account fees.

Detailed explanation-3: -The 5 most important banking services are checking and savings accounts, loan and mortgage services, wealth management, providing Credit and Debit Cards, Overdraft services.

Detailed explanation-4: -They are commercial banks, credit unions, and certain investment funds that offer retail banking services. All three retail bank types work toward providing similar banking services. These include checking accounts, savings accounts, mortgages, debit cards, credit cards, and personal loans.

Detailed explanation-5: -Sale of post cards and postal stamps services are offered by post office. This service is not offered by commercial banks. Functions of commercial banks include-issuing bank drafts, depositing money and lockers for valuable items. Was this answer helpful?