A bank is a place where one can deposit or withdraw money.
They are financial institutions that have been certified by the government.
The banking system has existed for thousands of years in some form.
However, modern banks came to exist after the industrial revolution.
Banks store people’s money and allow them to access it whenever they need.
Banks also give out loans to people when they need it.
Banks give out things like credit cards and debit cards to make banking easier.
People can withdraw their bank money from ATMs.
The Bank of Hindustan was the first bank established in India in 1770.
Today, some popular banks in India include the State Bank of India, Indian Bank, Punjab National Bank, Bank of Baroda, etc.