Field Visit :

That sounds like a fantastic educational outing for the Grade VIII and IX students at Stem PLS School! Visiting the Bank of Baroda branch in Brahmapuri on January 29th provided hands-on insights into everyday banking operations. Under the guidance of bank staff, they covered key basics like:

• Opening a bank account: This involves submitting identification documents (such as Aadhaar or PAN in India), filling out an application form, and often making an initial deposit. It's a great way to start saving and managing money responsibly.
• Loan activities: Banks offer loans for needs like education, homes, or businesses. The process includes applying with proof of income, getting approval based on credit checks, and repaying the amount with interest over time.
• Receiving and withdrawal processes: Deposits (receiving money) can be done via cash, checks, digital transfers, or apps. Withdrawals happen through ATMs, bank counters, or online banking, with security measures like PINs or OTPs to protect accounts.
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