What Are The Roles Of Commercial Banks?

Hi!
The roles or  functions of commercial bank are:
1) Acceptance of Deposit which include Fixed Deposit Account, Current Account,Saving Bank account
2) Advancing of loans which include making ordinary loans,cash credit,overdraft,discounting of bills of exchange.
3) Investment of funds.
4) Promotes the use of cheques.
5) Agency Function of the commercial Bank which include transfer of funds,collecting customer's fund,purchase and sale of shares and securities for its customers, collecting Dividends on the shares,etc.
6) Purchase and sale of Foreign Exchange.
7) Financing Internal and Foreign Trade.
8) other Functions are: Issuing Travelers cheques, giving information to its customer, safe custody of valuable goods, collecting of statistics, underwriting of company debentures, accepting bills of exchange on behalf of customers, giving advice on Financial Matters.
9) Creation of credit.
10) fulfillment of socioeconomic objective.

Hi Wanjicapi,

Commercial banks are for:
1. Lending loans
2. Receiving deposits
3. Paying of domestic bills like phone, electricity etc...
4. Safeguard valuables
5. Issue of variuos schemes to motivate people to save
6. Deposit tax for the government

There are so many other reasons....