A Savings Bank is a financial institution that allows people to deposit their money safely while earning interest on their savings. It is designed to help individuals save for future needs, such as buying a home, funding education, or preparing for emergencies. Customers can open a savings account, where their money is kept secure and grows over time. In addition to savings accounts, many Savings Banks offer other services like loans and financial advice. They play a crucial role in the economy by encouraging people to save and invest. By doing so, they help individuals achieve their financial goals and contribute to the overall financial health of the community.