The Fundamental Rights embodied in Part III of the Constitution guarantee civil rights to all citizens of the country irrespective of race, place of birth, religion, caste, creed or sex, and prevent the State from encroaching on individual liberty while simultaneously placing upon it an obligation to protect the citizens' rights from encroachment by society.
Thus, the purpose of the Fundamental Rights is to preserve individual liberty and democratic principles based on equality of all members of society. Here, we must understand that banking is not a service that is to be provided by the State. It is a service that has to be provided on commercial lines.