Bank

A bank is a financial institution that offers services like accepting deposits, providing loans, and managing money. People deposit their savings for safety and sometimes earn interest. Banks lend money to individuals and businesses for things like buying a home or expanding operations, charging interest for the service. They also facilitate payments through checks, electronic transfers, and cards. Banks play a crucial role in the economy by helping people manage their finances, supporting business growth, and maintaining financial stability. Essentially, they act as intermediaries between those with surplus funds and those in need of capital.