Banking services to current account holders:
Normally the bank does not provide
any special service to its current amount holders. The bank just accepts
deposits, hold and furnishes deposits on diamond. The bank only on the general
functions necessary to carry on the current deposits transaction. But the bank
provides sum of the banking services to its good and prime customers. These
include services like special charges are free whole transferring money by
telex, transferring
Money by drafts by travel cheques and
by their drafts. But only good and prime customers are bestowed with such
facilities.
Significance of total deposits:
Today
the banking business has become more complex and comparative. Comparative is an
inescapable and unavoidable thing, which is faced by all leading business. In
order to survive in this competitive world every business should provide
quality service at the satisfaction of its customers. As every business houses,
corporate bodies, public institution etc. faced difficulties in dealing with
each and every transaction of money bank services for this purpose by providing
current deposit account. The current deposits account facilitates easy business
transaction and there by promoting the development of business resulting in an
economic growth and development of the country. The current deposits account is
significant for the growth, development and promotion of the country, making it
ecumenically viable and sound. Similarly, total amount of collected do not keep
as cash reserves. Some amount of the current deposits account is utilized in
advancing loans to the productive and priority sector of the country. This is
turn, leads to a regional and balanced development of the country. Likewise, a
current deposit is also significant for much other purpose like in providing
employment opportunities, for transfer of fund reserve as the storehouses of
cash and so on.
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