Bank of America Session on Financial Literacy for Students

📅 October 13, 2017 • 📍 Sahayini Social Development Society

On October 13, 2017, a team of $7$ members led by Mr. Deepak Khandelwal from Bank of America – Merrill Lynch organized a session on Financial Literacy at Sahayini Social Development Society. The session began with a prayer, and Sr. Roseline introduced the members to the enthusiastic students. The session involved a PowerPoint presentation on Financial Literacy with sections handled by each trainer on the following topics: 1. Types of Accounts: Understanding the importance of Saving accounts and different account types. 2. KYC (Know Your Customer): The importance of KYC in banks for better customer understanding and risk management. 3. Banking going Digital: The shift to digital banking, including the pros and cons of using Debit cards, Credit Cards, ATM Cards, online payments, and Internet banking. 4. Exercise Credit Discipline: Defined as "strict and regular control on promise/s to pay, within designated/ agreed terms." A group discussion followed, with the class divided into groups where the team members patiently responded to the students' queries. Mrs. Jessie John proposed the vote of thanks, and Mr. Sylvester D’Souza concluded the session by singing the song “Thank You”.