Presentation on the Importance of Saving created to introduce such a concept to underprivileged children, in the age group 8-13

1. METHODS OF SAVING
MONEY AND WAYS TO
ACCOMPLISH IT

2. Piggy Banks- The most convenient and
known saving for children where-in money
can be kept in a small container and locked
away with the aim of opening it at only a
certain point in time or during emergencies.

3. Bank- Savings account or Fixed
deposits made by parents for
their children while they are
under 18 years of age.

4. Investments in the form of
Gold, i.e. buying gold for future
use.

5. Other kinds of investments-
Buying a House or a Shop

6. ADVANTAGES
Interest, security and low fees—
these are just some of the benefits
of a savings account that can make
it a cornerstone of your finances.

7. Money is set aside but available when
you need it.
The money you put in your savings
account keeps right on growing when
interest is paid to your account
making savings a smart piece of
money.
Worry-free finances because your
money is always safe

8. Low or no fees due to the minimal
amount of fees which also are
eliminated in a lot of circumstances.
A stepping-stone to long-term goals as
your money is parked in a place and
goes untouched till you need it.

9. WHAT IS SAVINGS
ACCOUNT?
Saving accounts are accounts maintained by
retail financial institutions that pay interest
but cannot be used directly as money in the
narrow sense of a medium of exchange (for
example, by writing a cheque). These
accounts let customers set aside a portion of
their liquid assets while earning a monetary
return. For the bank, money in a savings
account may not be callable immediately and
in some jurisdictions, does not incur a
reserve requirement, freeing up cash from
the bank's vault to be lent out with interest.

10. WHY SAVE?
Money has a very
important role in life.
You use savings
accounts for practical
reasons like education,
emergencies and the
future. Any savings that
is for the future, eg. for
vacation, clothing, large
purchase, etc should be
set aside.

11. By doing this you don't run the risk of just
spending the money on something it was
never intended for. In this way, a savings
account does not become necessary but
also very convenient and reliable.

12. Yes, Children can also open an
account in the bank!

13. Examine Your Financial Situation- Let's begin with a
practical question: Do you have any money? You
don't have to be loaded to start a bank account, but
it's tough to open a bank account with Re. 1 in your
wallet.
Choose The Right Bank- Proximity and reputation
are excellent factors to help you determine what
bank is right for you, but you should really consider
all the other advantages of choosing a specific type
of bank before forking all of your cash over.

14.  Pick a Type of Account - So now that you've
assessed your financial status and picked
out a bank, you need to decide what type of
account you're gonna open.
 Linking Accounts- If what you really need is
a checking account, but what you want is to
earn interest without paying the high fees
for interest checking, you have the option of
linking a savings account to your regular
checking account.
 Ways to open an account – Explore all your
options and make sure you choose the one
which is most convenient to you while
opening an account.

15.  Questions to ask - A following set of
questions MUST be answered before you
give your money away. What if you forget to
ask about time deadlines, and suddenly
realize that you can't touch your money for
three years?
 Find a nice person at the bank, get his/her
name, and always ask for that person. It's
easier to deal with a friendly face that knows
you.

16. SOME SAVING
ACCOUNTS' FORMS