The Central Bank typically regulates banks in a country.

Example:

• United States: The Federal Reserve (Fed)
• United Kingdom: The Bank of England (BoE)
• India: The Reserve Bank of India (RBI)

The central bank oversees monetary policy, ensures financial stability, and regulates banking operations to protect depositors and maintain economic stability.

1. Savings Account: For storing money with interest.
2. Checking Account: For frequent transactions and easy access to funds.
3. Fixed Deposit (FD): A term deposit with higher interest, locked for a fixed period.
4. Recurring Deposit (RD): Regular deposits over time, earning interest.
5. Money Market Account: A high-interest savings account with some withdrawal limitations.

Mobile banking allows users to access and manage their bank accounts, make transactions, pay bills, and more, all through a mobile device like a smartphone or tablet.

A bank charter is a legal authorization granted by a government agency that allows a bank to operate and provide financial services. It ensures the bank complies with regulatory requirements and standards.

The main purpose of a holding bank is to own and manage multiple banks or financial institutions, providing centralized management, risk diversification, regulatory flexibility, and the ability to acquire other entities. It helps optimize operations and capital allocation across its subsidiaries.

A holding bank (often called a bank holding company) is a financial institution that owns and controls one or more banks but does not necessarily provide banking services itself. Its primary function is to manage the operations and assets of its subsidiary banks.

JPMorgan Chase & Co.: JPMorgan Chase is a well-known bank holding company that owns multiple subsidiary banks like Chase Bank, and it provides various financial services through its subsidiaries.

Branch banking allows a bank to operate multiple branches under a single banking license and management structure. This system helps expand services, improve accessibility, and provide financial stability by diversifying operations across different regions. Examples include Wells Fargo and Citibank, which have nationwide branch networks.

A multiple-branch bank operates several branches under one management, allowing wider customer reach and better service distribution. Examples include JPMorgan Chase and Bank of America.

Unit banking operates from a single location without branches, which limits its ability to expand services beyond its immediate area. This restricted geographical presence can reduce customer reach, limit business growth, and make it difficult to compete with larger banks that have multiple branches. Additionally, unit banks may face challenges in diversifying their financial products and accessing broader funding sources.

Unit banking refers to a banking system where individual banks operate without any branches, serving their local communities from a single location. This model contrasts with branch banking, where banks operate multiple branches across various regions.