1. Accepting Deposits: Banks accepts deposits in different types of accounts. They are as follows:-

• Current Deposits
• Saving Deposits
  
• Fixed Deposits
  

2. Loan Services: Banks Provide loan services to its customers and also perform the functions of advancing loans. Loans provided by banks are as follows:-

• Direct Loan i.e. with collateral 
  
• Short term Loan 
  
• Discounting Bills of Exchange 
  
• Cash Credit
  

3. Agency Service: Following agency services are provided by the commercial banks:-

• Issue of L/C, bank draft, travelers cheques etc
  
• Remittance of money
  
• Collection of cheques
  
• Acting as executors
  
• Keeping valuable articles in safe custody

4. Miscellaneous Services: Commercials banks also provide following miscellaneous services. They are as follows:-

• Furnishing of guarantee on behalf of customers 
  
• Underwriting of capital issues
  
• Payment of cheques, bills promissory notes
  
• Receipt of payments
  
• Deals with transactions of foreign exchange business
  
• Price stability