Banks - Commercial
Commercial banks are those that offer facilities like loans, deposits and other investment products. Commercial banks offer different types of loans and mortgages that are tailored to meet different needs. Banks accept deposits for which they pay a fixed amount of interest to the customer for a certain period of time. Banks also facilitate functions such as collection, clearing and depositing of cheques, dealing in foreign exchange, buying and selling of securities, provision of money transfer facilities, credit cards, debit cards, salary transfer, locker facilities for valuables, facilitating payment of utility bills and much more.