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A modern commercial bank provides the following facilities to its customers:

1. ATM/Debit card facilites for accout holders.

2. Credit card facilities.

3. Telebanking.

4. Net banking.

5. Electronic Real Time funfs transfer through RTGS/NEFT system.

6. Mobile banking.

7. Anywhwere, Anytime Banking.

8. CORE Banking solutions.

9. Bancassurace.

10. Clearing of cheques through Cheque Truncation System, where electronic image of physical form of cheques are transferred and payment settled.

M.J.SUBRAMANYAM, XCHANGING CO, BANGALORE.

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Q: Discuss the functions of modern commercial banks?
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