Saving Banks are established to encourage thrift and to discourage hoarding. They mobilizing the savings of men of small means. They collect their savings. They pay interest on the deposits of the people. These banks also provide them (depositors) the necessary facilities to withdraw money according to their needs. They allow drawls of small amounts only. Post Offices in Pakistan also provide this facility. People generally keep their savings in the Post Office Savings Banks. Commercial Banks also render this service.
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