1) Commercial Banks- Commerical bank is be defined as a financial institution where the common people do their banking activites. The commercial bank allows users to open variety of bank account and also give various types of loans. Commerical banks are one of the important part of the economy of any country. The commercial banks of the country are looked upon by the central bank of the country. Commercial banks make money by providing and earning interest from loans such as mortgages, auto loans, business loans, and personal loans. Customer deposits provide banks with the capital to make these loans.

2) Credit Unions- Credit unions are not-for-profit organizations that exist to serve their members. Like banks, credit unions accept deposits, make loans and provide a wide array of other financial services. But as member-owned and cooperative institutions, credit unions provide a safe place to save and borrow at reasonable rates.

3) Savings Bank- A savings bank is a type of finAancial instituion where their primary motive is to accept savings depsits and pay interest on this deposits. It is mainly for common people so that they are put their hard earned money at pleaces and earn some interest on it.

4)Mutual Funds- A mutual fund is a type of financial vehicle where a fund manager or a professional pools funds from different people and create and invest in a portfolio. The returns from the mutual funds are then returned to the people from whom the money was pooled after the fund manager has taken his commission.

5) Pension Funds- pension funds are investment plan or fund that provides income after retirement. Employers usually give this to thier employees. This funds are availed after the person has taken retirement. Its acts as his source of income after retirement.