Assalam -o- Alaikum

What’s up SteemianZzzz………

Hope so everyone is doing well. I am also good in health. Today Im going to participate in a contest by @saintkelvin17 in this community of Steem For Pakistan. Hope so i will do good.
So let’s start without wasting our time.

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Theme of the Contest

This contest is basically a contest in which we are given a word about anything in our daily life and we have to share our views on that single word. All aspects of that world its benefits. And also the limitations and drawbacks of that contest.
Today we are given with a Word BANK. And we have to share our views on this word and also we have to answer the questions asked by the @saintkelvin17.

Questions:

🔘 What do you understand by the word Bank?

🔘Tell us the benefits of banks

🔘Mention 5 banks in your country

🔘In two paragraphs tell us your banking experience

So let’s start without wasting our time.

What do you understand by the word Bank?

The word Bank literally means that a collection or a store of something. The place where there is a bulk quantity of something. By listening to the word bank the first thing that comes to our mind is store or something. It may be a store for blood also know as blood bank where different types of blood are stored for the need in the future. And also it may be a store for money. Also know as BANK.
BANK is a financial institution where we deposit our money. Withdraw our money and do a lot of stuff of our daily life that helps us financially and socially. We can also say that Bank is our Financial Helper. Bank also play an important role in the economy of a country because the money of the people of one’s country are in its banks so it play an important role in economical state of Pakistan.

Benefits Of The BANK

This is the second question and very important one. There are alot of benefits of BANK. And we can also say that BANK is a place full of benefits. We hardly can find any drawbacks or limitations of bank. But there are thousands of its benefits.
So let’s discuss its benefits without wasting our time.

1-Deposition Of Money

Bank is a place where we can deposit our money safely.
The first question that comes to our mind after finding it that why we use bank for money deposition ?
So i wana say that if we have to save our precious hard earn money at a place which is 24/7 protected and can provide more benefits instead of saving our money then we have to go for BANK.

2-Protection of Our Money

If one wants to keep ones money safe then he/she should deposit his money at a safe place Where our money could be protected and which provide a definite cause and surety for the protection of money is definitely not other that a Bank. Because bank is a place for protection of our money. And it is well know for its protection.
Every Bank consists of lockers that are made up of heavy steel and iron and security proof lockers. And also separate lockers are present for customers where one can open his/her account and can keep his personal and precious belongings to those separated lockers. So In short we can say that banks are the best security breach
proof place for money in the world.

3-Online Banking

If we are afraid of being stolen of our precious money on our way to our business then we should be relax because banks not only provide physical services but in bank we can do all and every sort of work online.

Every Bank consists of their online apps and also WhatsApp are also available for online banking. Here you are free of the grind of your visit to the bank you just have to log in on your mobile phones in your respective bank apps and just by this you can avail thousands of online services of bank.
Here is an interface of a bank app that i have screenshot personally on my mobile.

As you all can see the interface of the app and also thousands of different types of facilities are available. We can send money online and also purchase any kind of things through our debit and credit card that we are provided online. We can also give donations and avail mobile load for our sims Also we can pay utilities bill and in short we can do lot of works.

4-Insurance

Banks not only provide protection to our money but it also give us a lot of other benefits. One of which is insurance. In this you have to open up your account for insurance. And then you pay annually a definite amount for the insurance of any stuff(car,house,health,financial). And if that thing get any damage then bank pay for that damage instead of you.
And the famous of all is health insurance. People do health insurance in order to protect their health at the hour of need.

5-Loan

Besides all bank also provide us financial support. And that support consists of different types. Suppose we want to run a business and we are short of money then we don’t have to worry about anything we just have to get a financial business loan from the bank and then pay back with interest after earning from the business. This type of loan not only help us to establish our business but also make us financially stable.

Besides this there are different types of loans that help us financially. One of which is house load. If we want to build a new house and we do not have enou Money then we can also get house loan from bank. This type of loan help us to make our house without any trouble. And other type of loans are car loans etc.

Besides that bank also provide us debit and credit cards 💳 that we can use to withdraw money and we can also use them for shopping and to buy anything. Today it is a digital era and physical miney will be eliminated soon.

Mention 5 banks in your country

This is the third Question asked by the contester. So here the five banks of our country Pakistan.

State Bank Of Pakistan

It is the largest bank of pakistan that operates all the financial issues if the country and it plays an important role in the economy of pakistan.

The Bank Of Punjab

Habib Bank Limited

Allied Bank Limited

Meezan Bank Limited

In two paragraphs tell us your banking experience

I personally have Bank Account in Allied Bank. And literally im satisfied by the banking system of Pakistan. Other banks of pakistan may be more good than this bank but its experience is fantastic. I can withdraw miney anytime by using the debit card given by the bank. Also i also use my card to pay for my shopping at malls and other shops. It is more convenient to carry a single card instead of lot of cash in your purse.
Some people face the issue of crowd when they have some work in banks but Allied bank provide a service where we don’t have to wait in the queue and our work could be done without any trouble. So i was literally filly satisfied by my experience with this Allied Bank Limited of Pakistan. Allied bank also provide loans of all types such as house loan, Business Loan, Car Loans and also provide insurances of all types. It also give mortgages loans and also give a very healthy and helpful environment for its customers. So in short i say that it is a very good bank in Pakistan.

I also invited some of my friends to participate in this contest.
@steemdoctor1
@malikusman1
@shano49
@solaymann

Hope so everyone will like my post.

Thanks For Stopping By……..