20 Lines on Bank in English
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20 Lines Paragraph on Bank in English
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(1) It is a financial institutions which provides a loan or save the customers money.
(2) This financial institutions are an elemental part of the society.
(3) It is located in different part of our country and deal with the general public directly.
(4) It provides multiple services to the customers. Such as, ATM services, money transfers, loans and so on.
(5) The bank of Hindustan is the first bank to be established in the year 1770 at Calcutta.
(6) Bank of Bombay and the Bank of Madras are established in the early 19th century.
(7) The main function of bank is to receive deposits.
(8) Another function of a bank is to lend the money.
(9) The banks also performs some various functions. Such as, remitting funds, purchase shares, etc.
(10) The bank plays an important role in our life.
(11) It helps us to cultivate the habit of saving and provides safe custody.
(12) The banks also sells and purchases the stocks.
(13) It helps to boost the economic development of our country.
(14) The state bank of india is established in 1906, which is known as the oldest functioning bank till now.
(15) It plays an important role in the economic development of our country.
(16) It also removes the deficiency of the capital and encourages the savings and the investments.
(17) There are near about 34 functioning banks in our country.
(18) The banks mobilizes the financial resources and the flow of money in the society.
(19) It acts as the lifeline of any economy.
(20) It also provides such financial services.