Savings bank : focuses on accepting savings deposits and paying interest on deposits. Building society and Landesbanks: institutions that conduct retail banking. A Direct or internet-only bank is a banking operation without any physical bank branches, conceived and implemented wholly with networked computers. A bank is a financial institution authorized to accept deposits and provide credits. Learn about the characteristics, types and common services of banks in India and abroad. A bank , by definition, is an institution whose primary function is to store deposited money while also providing lending services to customers. Banks play a critical role in the economy because ... A bank is an institution that deals in money and credit, accept deposits from the public, and grants loans and advances. Types of banks
