Project 2

All the banks operating in India are controlled by the RBI. RBI has set a well defined guideline (e.g. minimum interest rate, minimum balance allowed, maximum withdrawal limit etc) which all banks must follow. For example, suppose RBI has set the minimum interest rate applicable to a savings bank account to be 4% annually; however, banks are free to use 4% interest rate or to set any rates above it.

Write a JAVA program to implement bank functionality in the above scenario and demonstrate the OOPs concepts and explain how it is actually satisfying that concept.