ROLES OF BANKING:

1. INTERMEDIATION

2. PAYMENT SYSTEM

3. FINANCIAL SERVICES
1. INTERMEDIATION:-
1. INTERMEDIATION:-
 IT REFERS TO THE PROCESS WHERE BANKS ACT AS MIDDLEMEN
OR INTERMEDIARIES BETWEEN THOSE WHO HAVE EXCESS
MONEY (SAVERS OR DEPOSITORS) AND THOSE WHO NEED MONEY
(BORROWERS).
 IN SIMPLE TERMS, BANKS TAKE MONEY FROM PEOPLE WHO
HAVE EXTRA SAVINGS AND LEND IT TO THOSE WHO WANT TO
BORROW MONEY.
 BY DOING THIS, BANKS PLAY A CRUCIAL ROLE IN FACILITATING
THE FLOW OF MONEY IN THE ECONOMY, HELPING INDIVIDUALS
AND BUSINESSES ACCESS THE FUNDS THEY NEED FOR VARIOUS
PURPOSES, SUCH AS BUYING A HOME, STARTING A BUSINESS, OR
MAKING INVESTMENTS.
2. PAYMENT SYSTEM:-
 A PAYMENT SYSTEM IN A BANK IS A WAY FOR PEOPLE AND BUSINESSES
TO TRANSFER MONEY TO EACH OTHER.
 IT'S LIKE A SET OF TOOLS AND RULES THAT BANKS USE TO MAKE
SURE THAT WHEN YOU WANT TO SEND MONEY TO SOMEONE OR PAY
FOR SOMETHING, THE MONEY GOES FROM YOUR ACCOUNT TO THE
RIGHT PLACE SECURELY AND EFFICIENTLY.
 PAYMENT SYSTEMS INCLUDE THINGS LIKE CHECKS, ELECTRONIC
TRANSFERS, DEBIT CARDS, AND OTHER METHODS THAT HELP YOU
MAKE PAYMENTS AND TRANSACTIONS SMOOTHLY THROUGH YOUR
BANK.
3. FINANCIAL SERVICES:-
 IT REFER TO THE VARIOUS ASSISTANCE AND ACTIVITIES THAT A BANK
PROVIDES TO HELP PEOPLE AND BUSINESSES MANAGE THEIR MONEY.
 THESE SERVICES GO BEYOND JUST HOLDING YOUR MONEY; THEY
INCLUDE THINGS THAT HELP YOU SAVE, INVEST, BORROW, AND
HANDLE YOUR FINANCES.
 IN SIMPLE TERMS, FINANCIAL SERVICES FROM A BANK CAN INCLUDE
SAVINGS ACCOUNTS, LOANS FOR BUYING A HOME OR CAR,
INVESTMENT OPTIONS LIKE CERTIFICATES OF DEPOSIT, CREDIT
CARDS, AND EVEN FINANCIAL ADVICE.