merits and demerits of commercial banks
Dear student,
Merits of Commercial Bank
* The commercial banks operate from various branches which provide customers to access accounts from any nearby location.
* The commercial banks do not charge money for opening and maintaining saving accounts.
*The commercial banks provide variety of services and products to customers, like cheque book facility, credit and debit card, locker facility, etc.
* The commercial banks provide credit facilities.
Demerits of Commercial Bank
* Taking a loan of heavy amount from commercial bank is a time consuming process.
* The commercial banks do not provide any concessions in interest rate while granting loan to customer.
Regards
Merits of Commercial Bank
* The commercial banks operate from various branches which provide customers to access accounts from any nearby location.
* The commercial banks do not charge money for opening and maintaining saving accounts.
*The commercial banks provide variety of services and products to customers, like cheque book facility, credit and debit card, locker facility, etc.
* The commercial banks provide credit facilities.
Demerits of Commercial Bank
* Taking a loan of heavy amount from commercial bank is a time consuming process.
* The commercial banks do not provide any concessions in interest rate while granting loan to customer.
Regards