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Commercial banks are the basic financial institutions in any country that cater the need of industry as well as an individual. These provide financial assistance to industries and at the same time, they provide support for the ordinary man.

Their primary functions include, accepting deposits, making advance payment and providing credits. Their duties are not limited to primary; they also do a variety of tasks including the issue of credit letters, check clearance, online transfers, maintaining ATMs, Sale/purchase of share or bonds, work as nominated representative, work as the trusty, etc.
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