How are banks useful to us?

1.	How are banks useful to us?
Answer» Banks are useful for us in the following ways: 1. Exchange of money has become easier and safer due to banking system. 2. Large amount of money can be paid through transferable cheques, drafts and internet banking. 3. Our money is safe in bank and we also get interest on it. 4. Banks also provide credit to people who wish to establish an industry, to industries and to business organizations. 5. In present time, we can immediately withdraw money at any place and at any time, as per the requirement.

Answer»

Banks are useful for us in the following ways:

1. Exchange of money has become easier and safer due to banking system.

2. Large amount of money can be paid through transferable cheques, drafts and internet banking.

3. Our money is safe in bank and we also get interest on it.

4. Banks also provide credit to people who wish to establish an industry, to industries and to business organizations.

5. In present time, we can immediately withdraw money at any place and at any time, as per the requirement.

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