BANK
BANK REGULATION Act 1949
A bank is a licensed and regulated financial institution that lends money, accepts deposits and carries out other financial transactions for its clients.
OR
Bank is law of full organisation which deposite that can withdrawl of money, it also lets money yo individual at bussiness houses back need it.
TYPES OF BANK
- CENTRAL BANK
- COMERCIAL BANK
- DEVELOPMENT BANK
- CORPORATION BANK
TYPES OF ACCOUNT
- SAVING ACCOUNT
- CURRENT ACCOUNT
- FIXED DEPOSITE ACCOUNT
- RE-CURRING DEPOSITE ACOUNT
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