Retail banking is the branch of banking that deals directly with the customers, also known as consumer banking or retail banking; it takes money from the public in the form of deposit for safe keeping and provides interest on the deposit on a yearly basis. These deposits are used to fund the activities of the bank. There are several activities that a retail bank engages itself into. Some of the more popular one’s include checking accounts; it is a form of current account, savings accounts; these accounts offer a slightly higher rate of interest but cannot have checks written on them. Assignment on this subject can be tough on the student because there are several concepts that cause problems for the student. For this reason, we at EssayCorp provide retail banking assignment help at a very nominal rate.
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As the name suggests, retail banking is the banking to the customers on an individual level. It is different from corporate banking on many aspects of the operation. It does not provide banking facilities to large corporation contrary to corporate banking. Some of its operations include; maintaining a current or savings account, mortgages, insurance of various sorts, foreign currency and remittance service, wealth management facility, ATM’s and online banking, etc.
It is mandatory for a management student to learn all about retail banking in the first year of the course. But, it is even more so for a student who has opted for finance as his or her major. Following are some reasons behind the students seeking assignment help.
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