What do you mean by bank? discuss various types of bank accounts?​

A bank is a financial institution licensed to receive deposits and make loans.

Various Types of Bank Accounts

Current account. A current account is a deposit account for traders, business owners, and entrepreneurs, who need to make and receive payments more often than others. ...

Savings account. ...

Salary account. ...

Fixed deposit account. ...

Recurring deposit account. ...

NRI accounts.