State Bank of Pakistan (SBP)
What Do You Know About Bank Of Pakistan
Banking is an important sector that provides financial services.It provides financial services to individuals, companies, investors and governments through services such as deposits and payments.
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| State Bank of Pakistan (SBP) |
Generally Six Categories Of Services Are Provided In Banking
Deposits and Payments
The most important banking services are deposit and payment services. Individuals and companies can deposit the collected money into their bank accounts and pay electricity, gas, water, internet and other bills through payment services.
Profit Calculation Services
The bank gives profit on the money deposited in your account.
Loans
Banks are eligible to give loans.
Loans are used for various purposes like housing, business and education etc.
Credit Card
Banks provide credit cards that allow individuals to make purchases very easily.
Investment Services
The bank provides various investment services to the investors
There Is Something Else To Tell
Yes, apart from banking there are many other important aspects which are as follows:
Institutional Banking
International banking services are provided by institutional banking. These include services that are essential for international trade, such as Visa cards, forex trading, foreign exchange and loans.
Stock Exchange
Bank helps you to invest in stock exchange.
State Banking: State banking services provide advisory, investment, distribution, collection, custody and institutional support.
Mobile Banking: Another more convenient method is mobile banking which provides banking services through your mobile.
Anti-Money Laundering
Banking institutions provide legal guidance and counseling through Anti-Money Laundering to prevent any illegal activities involving legitimate transactions.
All these aspects are important aspects of banking to promote financial services
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