[Source: Kantipur Daily]
Introduction - Branch Banking in Local Level
A branch, banking center or financial center is a retail location where a bank, credit union, or other financial institution (and by extension, brokerage firms) offers a wide array of face-to-face and automated services to its customers.
Branch banking is engaging in banking activities such as accepting deposits or making loans at facilities away from a bank's home office. Branch banking has gone through significant changes since the 1980s in response to a more competitive nationwide financial services market.
This service is free of charge to valuable customer. In this banking service, customers having account with banks can access their account from any online branch. Unit banking refers to a bank that is a single, usually small bank that provides financial services to its local community. Branch banking refers to a bank that is connected to one or more other banks in an area or outside of it; to its customers, this bank provides all the usual financial services but is backed and ultimately controlled by a larger financial institution.
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