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The gift cheques/ coins can be used by the clients for the purpose of gifting on occasions like
weddings, birthdays etc.
5) Underwriting Services:
A commercial bank may underwrite the issue of securities issued by companies. If the shares
are not fully subscribed, the underwriting bank agrees to take up the unsubscribed portion of
the securities.
6) Gold related Services:
Now a days many banks are providing gold services to its customers. Bank are commercially
buying and selling gold or gold ornaments from customers on large scale basis. Some bank
also provides advisory services to its customers in terms of gold funds, gold ETF etc.

Visit nearest bank in your area and list down secondary functions performed by such bank

4.5.4 E-banking Service:

E-banking stands for electronic banking it is also called 'Virtual Banking'. E-banking is the
result of the development in the field of electronics and computers. Under E-banking, the banking
operations are computerised. Some of the elements of E-banking are as follows:

1) Automated Teller Machine:
The ATMs are electronic machines which are operated by the customer on his own to with-
draw or deposit money. It can be used for other banking transactions also such as balance
enquiry, transferring money, request for cheque book or bank statements etc. Nowadays, ATM
also provides facility of cash deposits through CDM (cash deposit machines.)
2) Credit Cards:
A credit card is a payment card. It allows the cardholder to pay for different transactions he
performs. The issuing bank creates a revolving account and grants a line of credit to the cus-
tomer or user. Credit card offers convenience to customers as customer need not carry cash.

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