Pocket Money - SEBI Investor Awareness Website - Securities and ...
Pocket Money - SEBI Investor Awareness Website - Securities and ... Pocket Money - SEBI Investor Awareness Website - Securities and ...
SESSION 4BASICS OF BANKINGDear Parents,In today’s world it is almost impossible to survive withouta bank account. Consequently, in todays world ‘basics ofbanking’ is as essential as 3R’s — Reading, Writing andArithmetic.In today’s session your child met a young boy Chetan whoreceived a crossed account payee check from his grand fatherand had to open an account. In the process your child learnta few things aboutSavings bank accountsOpening of bank accountsTerm deposit accountsChequesA few other activities relating to banking117
POINTS TO PONDER1. Do you appreciate that it is necessary for your childto get introduced to banking early in life?2. How can you contribute in the process of your childgetting initiated to banking?3. Does your child have a bank account? If not, it is desirablethat you encourage him to open a bank account as soonas possible.4. It is desirable that you take your child along, the nexttime you visit your bank. Show your child the differentactivities taking place in the bank.Here are a few recommended activities for your family,intended to involve your child.ACTIVITY 1Discuss with your child and record the factors* that influenceyour choice of a bank or banks.(*A few examples are: proximity, quality of service, higherinterest rates, low service charges, innovative deposit schemes,large number of ATMs / ATMs at convenient locations, speedyrealization of clearing/collection cheques)1 ._________________________________________________2 ._________________________________________________3 ._________________________________________________4 ._________________________________________________5 ._________________________________________________118
- Page 64 and 65: QRIOSITYThe triangle of investmentl
- Page 66 and 67: And ultimately they decided to call
- Page 68 and 69: MUTUAL FUNDS : CHOICES GALOREMr. Ma
- Page 70 and 71: EUREKA'S SOLUTIONSMr. Eureka, the f
- Page 72 and 73: Mr. Eureka’s assistant explains:_
- Page 74 and 75: 7. Mr. Roshan Vesuwala: About 30 ye
- Page 76 and 77: freelance fashion designer. Mr. Vis
- Page 78 and 79: SMART PREVIEWIn the next class we s
- Page 80 and 81: Q-RIOSITY“One that goes a - borro
- Page 82 and 83: COST OF BORROWINGFollowing are thre
- Page 84 and 85: What is Reducing Balance Method of
- Page 86 and 87: 5. Keep a list of all your card num
- Page 88 and 89: • Personal Loan• Education Loan
- Page 90 and 91: QRIOSITYRead the following statemen
- Page 92 and 93: Sunny’s Need/Want Analysis and Sa
- Page 94 and 95: What do you think is the solution t
- Page 96 and 97: What can you say from the above tab
- Page 98 and 99: Will Sunny be able to repay his loa
- Page 100 and 101: 3. Market regulators and institutio
- Page 102 and 103: tivities and help them understand o
- Page 104 and 105: ACTIVITY 3Advantage Maxima!! - The
- Page 106 and 107: What is delayed gratification?With
- Page 108 and 109: ones instant gratification. Provide
- Page 110 and 111: SESSION 3INVESTMENT : NURTURING THE
- Page 112 and 113: INVESTMENT MANTRAS:Money grows with
- Page 116 and 117: SESSION 5STALKING THE STOCKSDear Pa
- Page 118 and 119: A SHARED FAMILY ACTIVITYWhether you
- Page 120 and 121: ACTIVITY 2Here is a summary of the
- Page 122 and 123: SESSION 6INVESTMENTS : THE WIDER SP
- Page 124 and 125: ACTIVITY 2Here is a table, which wh
- Page 126 and 127: SESSION 7BEYOND SAVINGS : BORROWING
- Page 128 and 129: SESSION 8THE FINAL COUNTDOWNDear Pa
- Page 130 and 131: ACTIVITY 1The entire family must si
- Page 132 and 133: • The long-term maturity will all
- Page 134 and 135: ACTIVITY 3A few Points to ponder wi
- Page 136 and 137: TABLE 2Prioritize the factors that
- Page 138 and 139: ACTIVITY 3MINI QUIZ1. The interest
- Page 140 and 141: Money maxims
- Page 142 and 143: Smart Money FundaeAs children why s
- Page 144 and 145: Smart Money FundaeRequirements for
- Page 146 and 147: Smart Money Glossary Crossing: 'Two
- Page 148 and 149: Smart Money TipsTips for saving:•
- Page 150 and 151: Smart Money TipsYou can earn too!!
- Page 152 and 153: Smart Money Glossary Bull: The term
- Page 154 and 155: Smart Money Glossary Company Fixed
- Page 156 and 157: Smart Money Glossary Mutual Fund: A
- Page 158 and 159: Smart Money Glossary Debt Fund: A m
- Page 160 and 161: Smart Money Glossary Pure risk or T
- Page 162 and 163: www.rediff.com/getahead/money.htmlw
SESSION 4BASICS OF BANKINGDear Parents,In today’s world it is almost impossible to survive withouta bank account. Consequently, in todays world ‘basics ofbanking’ is as essential as 3R’s — Reading, Writing <strong>and</strong>Arithmetic.In today’s session your child met a young boy Chetan whoreceived a crossed account payee check from his gr<strong>and</strong> father<strong>and</strong> had to open an account. In the process your child learnta few things aboutSavings bank accountsOpening of bank accountsTerm deposit accountsChequesA few other activities relating to banking117