Hi Devs,
When I was learning JavaScript concepts , I had hard time understanding closures , sure some beginner might faced this too. 
What is a Closure?
A closure is the combination of a function bundled together (enclosed) with references to its surrounding state (the lexical environment). In other words, a closure gives you access to an outer function’s scope from an inner function. In JavaScript, closures are created every time a function is created, at function creation time.
taken from medium article
So with my understanding with some energy being spent on it, I made example
Please correct me if I am wrong
About the example
In this scenario, my grandpa brought 1000 BTC 🤑 and saved to Bitcoin bank,later he spent some BTC (200) and the rest is given to my Dad ,later my dad brought house (300 BTC) and given the rest to me.I donated (499 BTC) to DEV.to 😇
A Basic Example of Closures in JavaScript:
In above example consider method 2, at first we are invoking the sum function and setting the a  value (by passing as param)in that function scope.
var call_1 = sum(1);
the return function stored in var call_1, if we log call_1 we will see this
function(b) {
  return a + b; // takes "a" from the outer lexical environment
}
Now just look the variable call_1 as a typical function, now we can invoke it by calling call_1(4) which will gives the sum of two numbers, but wait we learnt that function scope variable die when scope/function ends, right. then how come the call_1 manages to get the variable defined in immediate parent even after that parent function already returned,so it should have dead.
Execution context, please refer this site.
as per it EC ,Scope chain hold the variable object of its own, outer function's variable object , and global execution context variable.
Now this is the reason why you gets var a available , when invoking call_1().make sure it gets the reference not the actual value of outer function variable.
Here is the code of Closure Bank Ltd
Lets break down the code
Step-1:
    When we call function BTCbank(BTC_balance), we are just initializing BTC_balance var to 1000 and returning the function grandpa to var bankBalance.
console.log(bankBalance)
console.dir(bankBalance)
check that closure have variable BTC_balance initialized to 1000
Step-2:
Now we can invoke bankBalance by calling bankBalance(300),then BTCbank will gets the BTC_balanace from previous initialization in immediate outer scope of current function (in previous call we already initialized it to 1000 ) and subtracts the passed value.So we do not have to track balance sheet, BTCbank will do it for you.The returned function placed in afterGrandpaSpending variable.
console.dir(afterGrandpaSpending)
console.log(afterGrandpaSpending)
Step-3:
Invoking afterGrandpaSpending(200) , will triggers dad function because that is what variable afterGrandpaSpending holds, 
 It gets BTC_balance from it's immediate outer function , which has 700. The passed value will be subtracted from BTC_balance.The returned function will be stored in variable afterDadSpending.
console.log(afterDadSpending)
Step-4:
    Here invoking afterdadSpending(499) doesn't return a function instead a value unlike above invoked functions.The returned value stored to aftermyDonation
console.dir(aftermyDonation)
1
console.log(aftermyDonation)
1
              
    
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