What is banking?

Banking process is simple.  But it may not to be defined in a financial format.  The need for this article came from the individual banking experience.  Banks are crucial for uneducated, but the same case for educated too. 

The process is simple,collecting the money, store in cabin, fill the passbook.  This involves a process which is named as banking system.  Saving the money is converted into business model which has saving account, current account, many divisions from these two accounts depends on the service provided.  Huge crowd is preparing outside to entire into this due to good salary and comfortable life style.  But sometimes customer experience makes worst and the reason for  this article.

Both private and public sector banks differ in their systems.  In private, products are more to utilize the general transactions.  Storing the money in different formats Is renamed as product.  After getting their money, they provide as loan.  Interest rate differs for many non-understanding terms.  Media simply convey economic problem and global scenario effect the interest rate. Also, insurance is a bi-product, but good product for lifesaving.   Business cycles surrounding the banking are advertisement, coaching classes, private collecting agents and government bodies.  We may say it was in the old days done under king's procedure.  It has some convenience not forecasted people money as product, though collected tax for the welfare of their kingdoms. 

Even though banking have a terrible growth understanding the system inside and outside the industry is important to sustain our personal wealth.