Save Money with Different Kind of Banks

When we saw here and there in each country we find out a number of banks. Each country and cities  has many kinds of banks.

Scheduled Banks  

Scheduled banks which banks that are registered in list of central banks.  They follow the policies and instructions of the central banks.  The purpose of those banks to provide services to own counties peoples. We can save Money with Different Kind of Banks.

How to work of Central Banks

Central banks are the bank of banks and government banks its main objective to promote and the economic growth but it’s not its objective to earn profit. It manages the monetary system of a country. It has the monopolistic  of note issue. Its main objective to work for the benefits of our customers.

Save Money with Commercial Banks

Commercial banks are created of the purpose of earning profit. They accept to deposit the people and give premium on this amount in specific terms.

On Basic of Saving and Exchange

(A)  Saving Money with Banks

These banks are formed to enhance the saving of people. In Pakistan all commercial banks act as saving bank .A huge numbers of people are Interest to save money with banks in that type of banks.

Save money with Exchange Banks

Banks which is deal in exchange of foreign currency into local currencies is called the Exchange banks. Its main work is converting the money in our country money. These types of banks are very helpful   for a country. These banks also issue travelers cheque   and letters of credit. Every country have specific branches of commercial banks are performing the function of exchange banks.

Save Money with Development Banks

The developments banks are provide many benefits to our country people .Firstly they provide the huge premium in own amount its main function to improvement of economy of a country.

Investment of Banks with Different Banks

These banks are opened to buy and sell and other profitable securities. When the banks are announced the specific premium own amount the people go fast move to banks to submit our money. They think that it is benefit for me 1^st in that way save his money and there is no chance to theft.2^nd on that way banks provide me interest of our saving that money we will used in future o tuff time .For that purpose people do save money with different kinds of banks.