A commercial bank is very important for the banking system in India. A commercial bank is all about profits. It accepts deposits like fixed deposits, term deposits, savings deposits and grants loans like car loan, home loan, personal loan, commercial vehicle loan among others. It also offers the remittance facility, overdraft and electronic transfer of funds along with other financial services. Commercial banks are basically financial institutions which accept deposits, lend money and help you transfer money from your account to another account, thereby earning profits. Visit for more info.
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