culture   India
statement   Financial institutions in India offer a wide range of services such as banking, loans, and support for remittances and savings groups.

7 similar statements
# Concept Culture Statement Freq.
1 deposit India Gold jewelry deposits are common in banks as a way of saving and securing wealth. 1
2 depository financial institution India Includes banks as well as post offices which offer savings accounts and fixed deposit services. 1
3 financial institution India Often plays a crucial role in providing basic banking services to individuals in rural areas who may not have easy access to traditional banks. 1
4 financial institution India Financial institutions play a significant role in providing gold loans and agricultural loans to farmers, in addition to offering traditional banking services. 1
5 financial institution India Informal community-based savings groups and microfinance institutions play a significant role in providing financial services to individuals and small businesses. 1
6 remit India Remittances play a crucial role in the economy, with a significant portion of the population relying on money sent from family members working abroad. 1
7 remit India Sending money to family members within the same country, often domestically, to support their financial needs. 1