Banks have important responsibilities and obligations towards their customers. Here are a few of them:
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Keep Money Safe
One of the main responsibilities of banks is to keep our money safe. They have strong security measures in place to make sure nobody can take our money without our permission.
Provide Banking Services
Banks provide different services to help us with our money. They help us save money, withdraw money when we need it, and even lend us money in the form of loans.
Give Interest on Savings
When we save money in a bank, the bank gives us interest.
Privacy and Confidentiality
Banks have a duty to keep our personal information private and confidential. It means they don't share our information with anyone unless we give them permission.
Provide Statements
Banks give us statements that show all the transactions we have made.
Help with Problems
If we have any problems or questions, we can go to the bank and ask for help. Bank officers listen to our problems and try to find a solution.
Follow Rules and Laws
Banks have to follow rules and laws made by the government. Therefore they are fair and treat all their customers equally.
