What do you mean by non-banking services and agency services?

1 year ago
Banking

Non-banking Services:

Non-banking services are rendered in the interest of general public. Some of these services are issue of traveller’s cheques, gift-cheques, bank drafts, circular notes and safe custody of valuable articles and documents in bank lockers, etc.

Agency Services:

Agency services include payment of subscription, insurance premium, collection of cheques and dividends, buying and selling snares and debentures on behalf of customers.

Susmita Sah
Jan 16, 2022
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