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Types Of Banking And Investment

Banks are financial institutions that are licensed to accept deposits, provide checking accounts and loans, and provide other services. Banking and investment is a means of storing, transferring and using money. A bank offers many kinds of services. Banks provide checking accounts, savings accounts and money market accounts. Checking accounts are used for personal and business needs. They can be used to make deposits, withdrawals and transfers between accounts. Savings accounts are used for saving money for the future. If a savings account holder, on average, withdraws any funds from her savings account, the account is considered a money market account. Money market accounts are used for more than just saving. They can also be used for non-retirement, short-term goals.

Investing in a bank is one of the most popular options for getting your money work for you. But only a bank account offers you with a limited interest for your money. Yes, you may be provided with some benefits like free cheque book, free ATM card etc., but that’s not what you should be concerned about. The best way to invest your hard earned money is to open a mutual fund account. It’s not very difficult to get started and the money can be invested in a number of different fields. You can even get started by investing just a few hundred rupees. The cool thing about this investment is that you can withdraw your money at any time without any hassles. What’s more? You’ll get regular returns on your investment.

Branch Banking

 

Types Of Banking And Investment

Branch banking is the process of setting up a new bank/financial institution based in a different location. The term is most commonly used in the banking industry. When banks want to expand by opening new branches and building new offices, this is referred to as branch banking. For example, JP Morgan Chase & Co. has over 5,000 branches in the U.S. and is often considered a branch bank. The term is also used in the investment industry when financial companies set up offices that handle investments across different territories, states or regions. This is often done when a company is expanding into more than one state or region in which it doesn’t already have any business offices.

Unit Banking

Unit Banking is a type of banking in which particular bank branches are fully authorized to perform all banking functions. This means that all accounts of a branch are operated by a single banking officer. This is the main difference between Unit Banking and other types of banking. Unit banking is becoming very popular in the banking industry due to the advantages it has to offer.

There are quite a few factors that should be considered before deciding on which stocks to invest.  A little information that goes a long way is that the stock market is cyclical. The cycle is divided into a recession, a pause and a recovery.  When the economy begins to recover the stock market shows growth.  There are three types of stocks, growth stocks, income stocks and defensive stocks.  Growth stocks are stocks that are expected to have earnings growth of 15% or more.  Income stocks are stocks that pay dividends.  Defensive stocks are stocks that are less volatile.

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