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The four categories of banks are - Commercial bank, Cooperative bank, Regional Rural Bank, and specialized banks.
HDFC Bank, ICICI Bank, Axis Bank, SBI, and Kotak Mahindra Bank are some of the best banks in India for a savings account.
Yes, banks are essential for a well-functioning economy and for individuals to manage their finances effectively.
Banks contribute to the economy by facilitating financial transactions, managing money, and allocating capital.
Central Bank, Commercial Banks, Cooperative Banks, Regional Rural Banks, Finance Banks, Payment Banks, Private Sector Banks, and Foreign Banks.
Banks work as financial intermediaries playing a key role in the economy by accepting deposits from savers and providing loans to people and individuals.
Yes, banks are the backbone of the Indian economy, composed of established institutions that focus on financial stability.
Yes, you should deposit your money in the bank as it is the easiest way to safeguard your money.
Yes, banks are the safest place to deposit your hard-earned money, as banks are regulated by the Reserve Bank of India, and deposits are insured by the Deposit Insurance and Credit Guarantee Corporation.
No, money is not 100% safe in the banks, but it is generally safe as they are highly regulated and deposits are insured.
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