Chennai Banks play an important role in the chennai city's economy. Banks in Chennai comprise of both national and international banks. The Chennai banks competes with international banks. Chennai banks have advanced money transfer methods like ATM, telegraphic transfer and EFTPOS.
Banking Services. Chennai banks offer a wide range of services to the customers. These Chennai banks accept money on the basis of term deposits. Currency exchange is another major important service offered by the Chennai banks. Maturity transformation, netting and settlement of payments, credit information are some other services offered by the banks in Chennai. The presence of multinational banks make better banking services available in the city.
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