What is banking: Bank is a lawful organization which accepts

Bank is a lawful organization which accepts deposits that can be withdrawn on demand. It also tends money to individuals and business houses that need it. Banking is one of the fundamental parts of personal and commercial financial activities, driving economic functions. Banking has helped in the management of finances for individuals, organizations, and governments. The most important purpose of a banking system is to facilitate the smooth flow of cash within the economy. Learn about what banking is, its key functions, types, and importance. Understand how banks facilitate finance and their roles in personal and business finance. Learn what banking is, what a bank is, and the different types and modes of banking. Explore the key functions and trends of banking and how to leverage banking services to manage your finances effectively.