The students of classes V to VIII got a chance to visit a bank on 25th and 26th August, 2015. Getting to grips with the idea of monetary value and the different denominations of bank notes is one of the financial lesson we which we aimed at, while taking our children for a visit to bank. The duration of the visit was 40 minutes for each class. The students visited Corporation Bank, Mahipatmau Branch after taking a prior appointment from the manager, Mr. Farid Kumar.
Mathematics is one of those subjects that kids either love or hate. For some, mathematics comes naturally, but for others, success takes work. Even if the child doesn’t enjoy or excel in mathematics, there are few steps that can be taken to ensure that their financial literacy develops strongly with fun money lessons. The purpose was fulfilled with their visit to the bank.
The students learnt about working of the ATM machine. The ATM room had two close circuit cameras and a guard. They learnt how to swipe the card and enter the PIN and also became aware of how important it is to safeguard the PIN. From there, the students were taken to the main office. In the main office, there were four counters -cash counter, passbook counter, enquiry counter and deposit counter. The manager of the bank had a separate cabin with the access to view each activity of the bank through the camera and the T.V. installed in his cabin. There was a guard named Mr. Lal who was specially trained for guarding the bank.
The students were explained the difference between nationalized and private banks and learnt that the corporation bank is a nationalized bank. They also got acquainted with the opening the bank accounts, filling of pay in slip to deposit money, withdrawal of money through cheque. They were very curious to know about how and where the money is stored and how the ATM machines are refilled. The bank staff Mrs. Shalini was quite helpful and provided the Stafordians with some practical and hands– on knowledge of basics functionalities. She also answered all the queries put up by the students and told them about the networking of the bank with other branches through CBS. Lastly, the young Stafordians thanked the manager by presenting him with the school calendar and came back with lots of information regarding the banking process which they don’t get exposure to in normal days. Overall, it was a knowledgeable trip.