Types of Financial Institution & Concept of Bank || Class-10 (Chapter-2) || ‪@theknowledgecrafters‬

In this video, we dive deep into Chapter 2 of the Class 10 curriculum to explore the different types of financial institutions and the fundamental concept of a bank. We break down the two main categories of financial institutions in Nepal: Depository Financial Institutions: Organizations that accept deposits, provide interest, and offer loans (including Commercial, Development, Finance, and Microfinance institutions—Levels A, B, C, and D). Non-Depository Financial Institutions: Entities like insurance companies, Employee Provident Fund (EPF), Citizen Investment Trust (CIT), and Social Security Fund (SSF) that perform financial services without accepting standard deposits. You’ll also learn about the origin of the word "bank," the role of a bank in managing monetary transactions, and key historical facts such as the establishment of Nepal Bank Limited (1994 B.S.) and Nepal Rastra Bank (2013 B.S.). What we cover in this lesson: Classification of Financial Institutions (Depository vs. Non-Depository) Understanding the BAFIA Act levels (A, B, C, D) The literal and functional definition of a Bank Key milestones in Nepal's banking history Stay Connected: Don't forget to like, share, and subscribe to @theknowledgecrafters for more simplified educational content for Class 10! #Class10SocialStudies #BankingConcept #NepalBankingHistory #FinancialInstitutions #ShubhamSir #TheKnowledgeCrafters