Banks are the basic requirement for an individual as this determines the wealth and finance of an individual. In this article we will provide you with some fun facts about the bank and Banking sector.
Fact # 1 Non-Bank User
Some 1.7 billion adults worldwide still don't have access to a bank account, according to data released by the World Bank.
Fact # 2 Highest Number of Account opening
In Indian there is a world record of highest number of bank account opening when PM Narendra Modi announced the Pradhan Mantri Jan Dhan Yojana
Fact # 3 Digital Currency VS Physical Currency
. Financial service is provided by the bank in various form and one such form is online banking which uses the digital banking instead of bank notes. Did you know, only 8% of the world's currency is in physical money? We live in a digital world, so it's no surprise that only 8% of all the “money” around the world is physical cash. But no need to rush the bank
Fact # 4 Foreign Bank
Foreign bank has to follow both the rules of the country it is in and the country it belongs.
Fact # 5 Central Banking
Bank holiday is decided by the Central Banking firm which further can be changed in case of special event.
Fact # 6 Biggest Banks
China has the biggest bank in world as well as top 4 biggest banks belong to china.
Fact # 7 Zimbabwe Inflation
The World Bank stopped tracking inflation in Zimbabwe in November 2008 when it reached 79.6 billion percent. One year later, Zimbabwe abandoned its currency. The exchange rate at the time was $35 quadrillion Zimbabwean dollars to $1 US dollar.
Fact # 8 Central Bank Control
Central Bank is the governing body that governs all the countries banks and banking services.
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