What we do ?
What We Do At Prestige Trust Bank, we're more than just a bank; we're your financial partners, dedicated to helping you achieve your goals. We offer a comprehensive range of services designed to make managing your money simple, secure, and rewarding. Managing Your Money We provide various deposit accounts including savings, current, and fixed deposits, ensuring your funds are safe and accessible whenever you need them.
Accepting Deposits
The bank provides a secure place for individuals and businesses to save money. This is done through various types of accounts, such as savings, current, and fixed deposits.
Lending Money
The bank takes the money from deposits and uses it to provide loans to individuals and businesses. This is how the bank generates most of its revenue, by charging interest on these loans. This function is crucial for economic.
Facilitating Payments
The bank is a central hub for the payment system. It allows customers to easily and safely transfer funds through various means, including electronic transfers, debit and credit card transactions, and checks.
Credit Creation
This is a more technical but very important function. When the bank provides a loan, it doesn't just hand over cash. Instead, it creates a new deposit in the borrower's account. This process increases the total amount of money in the economy.