Report on Financial Literacy Session
Date -20-Nov- 2025
Venue – AV Room
Participants -VI
Resource Person -Ms Puja Sah
Topic- Banking and Its Types of Accounts
Banking plays an important role in managing money safely and wisely. Banks are trusted institutions where people keep their money, save for the future, and carry out financial activities. They help us deposit money, withdraw it when needed, and even provide loans. Learning about banking at an early age helps students understand how to handle money responsibly. As the saying goes, “Saving today helps build a brighter tomorrow.” This reminds students that saving money is just as valuable as earning it.
There are different types of bank accounts designed to meet various needs. The most common is the Savings Account, which encourages people to save money regularly and also earns interest. Another type is the Current Account, mainly used by businesses for daily transactions, as it allows frequent deposits and withdrawals. Some banks also offer Fixed Deposit Accounts, where money is kept for a fixed period to earn higher interest. Each account has its own purpose, but all help in building good financial habits.
Understanding banking and its accounts teaches students the importance of saving, planning, and being responsible with money. With the right knowledge, young learners can grow up to make smart financial decisions that will benefit them throughout their lives.
