Define Bank and Explain various types of  bank depositsDefine of Bank - The term ' Bank ' has been defined in different ways by different economists.  According to Walter Leaf , " A bank is a person or corporation which holds itself out to receive from the public , deposits payable on demand by cheque . " Horace White has...

 Bank classified in India Group Reserve Bank of India ( RBI ) The country had no central bank prior to the establishment of the RBI . The RBI is the supreme monetary and banking authority in the country and controls the banking system in India . It is called the ' Reserve Bank ' as it keeps the reserves...