
Abstract
College students of Courses IX and XI discovered concerning the fundamentals of banking, digital transactions and cyber safety
Trendy Excessive Faculty for Women goals at financially empowering their college students
Banking has come a good distance from bodily transactions to digital funds. Trendy Excessive Faculty for Women, Kolkata, carried out a digital workshop on monetary literacy for college students of Courses IX and XI to make them financially conscious.
The classes had been carried out by Jaya Janardanan, COO, Indostar Capital Finance, on December 7 and eight. The Oxford alumna is a mentor at Aspire For Her Basis.
“College students, particularly those that are usually not from the Commerce stream, lack fundamental data of the monetary points of day-to-day life. Moreover, in these instances of cybercrime and fraudulent actions, it is very important make them conscious of such prospects and find out how to conduct protected monetary transactions. We purpose at creating financially impartial, empowered girls and therefore the necessity for the session in monetary literacy,” mentioned Nandini Dasgupta, senior trainer of Commerce at Trendy Excessive Faculty.
“We’ve got many working girls these days, however their salaries, tax returns, and funding selections are managed by the male family members. We purpose to interrupt this norm. Our follow-up classes will ideally cope with taxation and funding,” Dasgupta mentioned.
The workshop tried to familiarise college students with the fundamentals of banking. Completely different sorts of banks, forms of financial institution accounts, decoding a banknote, cheque, ATM (computerized teller machine) and financial institution statements had been a part of the module. Because the world is progressing in the direction of digital transactions, a dialogue on on-line transactions and cybersecurity was an inevitable a part of the workshop.
Greater than 300 college students attended the interactive classes, which not solely helped them perceive ideas but additionally cleared doubts about debit and credit score, digital transactions, financial savings and extra.
(L-R, clockwise) Purvi Sonthalia, Niharika Dasgupta, Urvi Agarwal and Shrinjana Ghosh Supply: College students
Listed here are some takeaways shared by college students…
Monetary literacy is essential as a result of we have to know find out how to handle our funds. It additionally makes us conscious of the assorted forms of cyber-crimes similar to phishing, pharming, ransomware, and password assaults and find out how to avert them. To safeguard ourselves from fraud, we must always by no means disclose our password or write it down anyplace, make it robust to crack, and keep away from utilizing our birthday as password. We should always by no means give out our CVV or PIN to anybody and will all the time deal with them with warning. Spam e-mails and telephone calls shouldn’t be responded to or paid consideration to. If our debit or bank card is misplaced, we must always promptly block it moderately than waste time in search of it. I discovered about varied points of finance, together with several types of banks and accounts, find out how to write a cheque and forestall it from getting bounced, find out how to deal with debit and bank cards, and on-line fee strategies.
Purvi Sonthalia, Class IX
It is vitally essential to have working data of funds and finance. I really feel that sensible data will serve us higher than merely studying summary ideas from books for an examination. This session on monetary literacy was very informative and I really discovered quite a bit. I acquired to find out about completely different modes of on-line fee, their limits, their variations and which mode (IMPS, RTGS and NEFT) ought to be utilized in a selected circumstance. none of us can see or totally comprehend the complexity of what’s occurring behind the scene as soon as we verify our fee on on-line portals. The half on on-line funds and the way the account tracing system works was very informative.
— Shrinjana Ghosh, Class XI, Science
Most of us have no idea the fundamentals of banking. A number of the jargon from dad and mom appears fairly intimidating. We want to pay attention to the significance of managed spending and safe saving for the long run. That is step one of monetary literacy for me. It’s only a matter of time earlier than we’ve got to step into our dad and mom’ footwear and make our personal knowledgeable selections concerning monetary investments. The session was totally satisfying because it went past the monotony of textbooks and undertook a sensible methodology by means of the usage of slides, graphics and anecdotes to familiarise us with the on a regular basis banking parlance. I emerged extra assured on the finish of the session as a result of the subsequent time I step right into a financial institution or see my dad and mom investing within the monetary market, I might really feel extra geared up and higher knowledgeable about it. Probably the most essential points of the session was the emphasis laid on ‘monetary self-discipline’ that could be a high quality for all to imbibe. It results in sensible cash administration, fruitful future planning and rational investment-making abilities.
— Niharika Dasgupta, Class IX
The workshop took my banking data a number of steps ahead. We had been taken by means of vital actions similar to filling cheques and accessing ATMs. For me, studying about on-line funds and cybersecurity was extraordinarily useful particularly since I exploit transactions quite a bit. I believe that studying concerning the nuances of this medium won’t solely permit me to interact in safe monetary exercise but additionally assist me in case I make an unsafe transaction sooner or later.
— Urvi Agarwal, Class XI, Social Science
Final up to date on 12 Dec 2021