{"id":151775,"date":"2025-02-08T09:08:07","date_gmt":"2025-02-08T09:08:07","guid":{"rendered":"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/"},"modified":"2025-02-08T09:08:07","modified_gmt":"2025-02-08T09:08:07","slug":"what-are-commercial-banks-and-their-types-of-deposits","status":"publish","type":"post","link":"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/","title":{"rendered":"What are commercial banks and their types of deposits?"},"content":{"rendered":"<p>Commercial banks play a crucial role in the economy by providing various financial services to individuals and businesses alike. One of the primary functions of commercial banks is to accept deposits from customers and use these funds to lend money or invest in different financial instruments. Let&#8217;s delve into what commercial banks are and the types of deposits they offer.<\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#What_are_commercial_banks\" title=\"What are commercial banks?\">What are commercial banks?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#Types_of_Deposits_Offered_by_Commercial_Banks\" title=\"Types of Deposits Offered by Commercial Banks\">Types of Deposits Offered by Commercial Banks<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#1_Savings_Deposits\" title=\"1. Savings Deposits:\">1. Savings Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#2_Current_Deposits\" title=\"2. Current Deposits:\">2. Current Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#3_Fixed_Deposits\" title=\"3. Fixed Deposits:\">3. Fixed Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#4_Recurring_Deposits\" title=\"4. Recurring Deposits:\">4. Recurring Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#5_Term_Deposits\" title=\"5. Term Deposits:\">5. Term Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#6_Notice_Deposits\" title=\"6. Notice Deposits:\">6. Notice Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#7_Foreign_Currency_Deposits\" title=\"7. Foreign Currency Deposits:\">7. Foreign Currency Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#8_Zero-Balance_Accounts\" title=\"8. Zero-Balance Accounts:\">8. Zero-Balance Accounts:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#9_NRI_Deposits\" title=\"9. NRI Deposits:\">9. NRI Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#10_Institutional_Deposits\" title=\"10. Institutional Deposits:\">10. Institutional Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#11_High-Yield_Deposits\" title=\"11. High-Yield Deposits:\">11. High-Yield Deposits:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#12_Escrow_Deposits\" title=\"12. Escrow Deposits:\">12. Escrow Deposits:<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#1_Are_commercial_banks_safe_for_depositing_money\" title=\"1. Are commercial banks safe for depositing money?\">1. Are commercial banks safe for depositing money?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#2_What_is_the_difference_between_savings_and_current_deposits\" title=\"2. What is the difference between savings and current deposits?\">2. What is the difference between savings and current deposits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#3_Can_I_withdraw_money_from_a_fixed_deposit_before_maturity\" title=\"3. Can I withdraw money from a fixed deposit before maturity?\">3. Can I withdraw money from a fixed deposit before maturity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#4_Can_I_open_a_fixed_deposit_account_with_a_joint_holder\" title=\"4. Can I open a fixed deposit account with a joint holder?\">4. Can I open a fixed deposit account with a joint holder?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#5_Is_there_any_maximum_limit_for_foreign_currency_deposits\" title=\"5. Is there any maximum limit for foreign currency deposits?\">5. Is there any maximum limit for foreign currency deposits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-21\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#6_Can_I_convert_a_savings_account_into_a_zero-balance_account\" title=\"6. Can I convert a savings account into a zero-balance account?\">6. Can I convert a savings account into a zero-balance account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-22\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#7_What_documents_are_required_to_open_an_NRI_deposit_account\" title=\"7. What documents are required to open an NRI deposit account?\">7. What documents are required to open an NRI deposit account?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-23\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#8_What_happens_to_escrow_deposits_if_the_mentioned_conditions_are_not_met\" title=\"8. What happens to escrow deposits if the mentioned conditions are not met?\">8. What happens to escrow deposits if the mentioned conditions are not met?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-24\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#9_Are_high-yield_deposits_guaranteed_to_provide_higher_returns\" title=\"9. Are high-yield deposits guaranteed to provide higher returns?\">9. Are high-yield deposits guaranteed to provide higher returns?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-25\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#10_Can_institutional_deposits_be_withdrawn_before_maturity\" title=\"10. Can institutional deposits be withdrawn before maturity?\">10. Can institutional deposits be withdrawn before maturity?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-26\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#11_Are_commercial_banks_the_only_entities_that_accept_deposits\" title=\"11. Are commercial banks the only entities that accept deposits?\">11. Are commercial banks the only entities that accept deposits?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-27\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#12_Are_recurring_deposits_available_for_senior_citizens\" title=\"12. Are recurring deposits available for senior citizens?\">12. Are recurring deposits available for senior citizens?<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"What_are_commercial_banks\"><\/span>What are commercial banks?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\nCommercial banks are financial institutions that are authorized to accept deposits from the public and provide various financial services. They are profit-oriented entities and offer a wide range of services, including loans, mortgages, credit cards, and investment products.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_Deposits_Offered_by_Commercial_Banks\"><\/span>Types of Deposits Offered by Commercial Banks<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>\nCommercial banks offer different types of deposit accounts tailored to the specific needs of customers. Here are some common types of deposits:<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_Savings_Deposits\"><\/span>1. Savings Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSavings deposits are aimed at encouraging customers to save money over time. They usually offer lower interest rates than other types of deposits but provide easy access to funds.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Current_Deposits\"><\/span>2. Current Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nCurrent deposits, also known as checking accounts, are designed for frequent transactions. Customers can deposit or withdraw funds as required without any restrictions, making them highly liquid.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Fixed_Deposits\"><\/span>3. Fixed Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nFixed deposits, also called time deposits or certificates of deposit, offer higher interest rates compared to savings deposits. The money is invested for a fixed period, and withdrawal before the maturity date may result in penalties.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Recurring_Deposits\"><\/span>4. Recurring Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nRecurring deposits allow customers to save a fixed amount of money regularly for a specific period. These deposits can be opened with monthly installments, ensuring gradual savings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Term_Deposits\"><\/span>5. Term Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nTerm deposits are similar to fixed deposits but usually have longer tenures. They offer higher interest rates, making them attractive for customers who can invest their money for an extended period.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Notice_Deposits\"><\/span>6. Notice Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNotice deposits require customers to provide a specified notice period before withdrawing funds. This type of deposit typically offers higher interest rates due to the advance notification required.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_Foreign_Currency_Deposits\"><\/span>7. Foreign Currency Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nCommercial banks also provide the option to open deposit accounts in foreign currencies. This allows customers to hold and convert funds in various currencies, facilitating international transactions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_Zero-Balance_Accounts\"><\/span>8. Zero-Balance Accounts:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nZero-balance accounts are usually offered to low-income individuals who cannot maintain a minimum balance. These accounts provide basic banking services without any minimum balance requirements.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_NRI_Deposits\"><\/span>9. NRI Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNRI (Non-Residential Indian) deposits are tailored for Indians residing abroad. These deposits offer attractive interest rates and benefits, specifically catering to the needs of NRIs.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Institutional_Deposits\"><\/span>10. Institutional Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nCommercial banks also accept deposits from other financial institutions, corporations, and government entities. These deposits are typically significant in amount and may have distinct terms and conditions.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_High-Yield_Deposits\"><\/span>11. High-Yield Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nHigh-yield deposits are specialized deposit accounts that offer higher interest rates than regular savings accounts. They often require larger initial deposits and have specific eligibility criteria.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Escrow_Deposits\"><\/span>12. Escrow Deposits:<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nEscrow deposits are made for a specific purpose and held by the bank until the mentioned conditions are fulfilled. These are commonly used for real estate transactions, ensuring security for both parties involved.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span>Frequently Asked Questions (FAQs)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"1_Are_commercial_banks_safe_for_depositing_money\"><\/span>1. Are commercial banks safe for depositing money?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, commercial banks are generally considered safe for depositing money. However, it is advisable to choose a reputable bank that is backed by a deposit insurance program.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_What_is_the_difference_between_savings_and_current_deposits\"><\/span>2. What is the difference between savings and current deposits?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nSavings deposits are primarily for saving purposes and offer interest, whereas current deposits focus on frequent transactions and do not usually provide interest.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Can_I_withdraw_money_from_a_fixed_deposit_before_maturity\"><\/span>3. Can I withdraw money from a fixed deposit before maturity?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, but it may incur penalties, such as a reduced interest rate or loss of some interest earnings.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"4_Can_I_open_a_fixed_deposit_account_with_a_joint_holder\"><\/span>4. Can I open a fixed deposit account with a joint holder?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, many banks allow fixed deposit accounts with joint holders. The terms and conditions may vary depending on the bank&#8217;s policies.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"5_Is_there_any_maximum_limit_for_foreign_currency_deposits\"><\/span>5. Is there any maximum limit for foreign currency deposits?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nForeign currency deposit limits vary depending on the country and specific regulations. It is best to check with the bank for the applicable limits.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"6_Can_I_convert_a_savings_account_into_a_zero-balance_account\"><\/span>6. Can I convert a savings account into a zero-balance account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIn most cases, banks have separate account types for savings and zero-balance accounts. You may need to open a new account if you want to switch.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"7_What_documents_are_required_to_open_an_NRI_deposit_account\"><\/span>7. What documents are required to open an NRI deposit account?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nThe documentation requirements for NRI deposit accounts may vary, but commonly include proof of identity, address, and status as an NRI.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"8_What_happens_to_escrow_deposits_if_the_mentioned_conditions_are_not_met\"><\/span>8. What happens to escrow deposits if the mentioned conditions are not met?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nIf the conditions specified for an escrow deposit are not met, the bank may release the funds back to the depositor or take other necessary actions as per the agreed terms.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"9_Are_high-yield_deposits_guaranteed_to_provide_higher_returns\"><\/span>9. Are high-yield deposits guaranteed to provide higher returns?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nWhile high-yield deposits offer higher interest rates, returns are not guaranteed as they depend on various factors like market conditions and terms of the deposit.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"10_Can_institutional_deposits_be_withdrawn_before_maturity\"><\/span>10. Can institutional deposits be withdrawn before maturity?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nInstitutional deposits usually have specific terms and conditions, which may limit or restrict early withdrawal. It is important to review the terms and conditions before investing.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"11_Are_commercial_banks_the_only_entities_that_accept_deposits\"><\/span>11. Are commercial banks the only entities that accept deposits?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nNo, apart from commercial banks, other financial institutions such as credit unions and cooperative banks also accept deposits from customers.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"12_Are_recurring_deposits_available_for_senior_citizens\"><\/span>12. Are recurring deposits available for senior citizens?<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p>\nYes, recurring deposits are available to customers of all age groups, including senior citizens. However, specific benefits may be offered to seniors, such as higher interest rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Commercial banks play a crucial role in the economy by providing various financial services to individuals and businesses alike. One of the primary functions of commercial banks is to accept deposits from customers and use these funds to lend money or invest in different financial instruments. Let&#8217;s delve into what commercial banks are and the &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"What are commercial banks and their types of deposits?\" class=\"read-more button\" href=\"https:\/\/namso-gen.co\/blog\/what-are-commercial-banks-and-their-types-of-deposits\/#more-151775\">Read more<span class=\"screen-reader-text\">What are commercial banks and their types of deposits?<\/span><\/a><\/p>\n","protected":false},"author":36,"featured_media":107420,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[86279],"tags":[],"class_list":["post-151775","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-learn","no-featured-image-padding"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>What are commercial banks and their types of deposits?<\/title>\n<meta name=\"description\" content=\"Commercial banks play a crucial role in the economy by providing various financial services to individuals and businesses alike. 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