Functions of Banks | Bank Definition And Important Banking Services

functions of banks

The banking system plays a vital role in economic development and is one of the most significant components of the financial system of any country. The banks not only facilitates the creation of credit but at the same time they provide numerous other services for the management and transactions of funds between two persons or […]

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Bankers Cheque | How it is Different from Demand Drafts?

bankers cheque

In case of high-value transactions, real estate companies, government entities, colleges or other large corporations/ institutions typically don’t accept general/ personal cheques from individuals or firms to receive payment because there is always a risk of dishonour of the cheque. Therefore, such organisations/ institutions instruct the individuals/ entities to enclose a bankers cheque or demand […]

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What are Cheques? 11 Different Types of Cheques

types of cheques

These days, there are millions of transactions happening every day between two persons or parties whether it is business transactions or personal or repaying debt, cheques play a vital role when it comes to monetary transactions. Cheques not only facilitate monetary transactions between two parties/ persons but also it ensures the safety, security and minimises […]

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Difference between Private and Public Company | 13 BIG DIFFERENCE

Difference between Private and Public Company

If anyone wants to register a new business/ company, there are basically three options available, for instance, a private limited company or one-person company or public limited company. If you are a budding entrepreneur or just curious to know the difference between a public and private company or you might be a student. The private […]

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