CBSE to launch 'School Bank Champs': Students to learn managing their bank account

CBSE to launch 'School Bank Champs': Students to learn managing their bank account
CBSE 'School Bank Champs'

In order to acquaint students with managing their financial transactions, opening and handling bank account and other monetary activities, CBSE has planned to launch a project called 'School Bank Champs'.

As per newspaper reports, the objective of the project is to motivate the school students to learn the concepts of finance and also measure their financial awareness.

Apart from getting their daily lessons on advanced chemistry, world history and trigonometry, students of Classes 9 and 10 will now be learning crucial money management lessons in their respective classes.

The board has thus sent a circular to all the affiliated schools to collaborate with their nearest banks and appoint a particular teacher who would like to take up the project as a nodal officer. This will help the students to interact with the bank authorities and improve their knowledge.

 Each school is now required to send the details of their banks and respective nodal officers to the board by October 20.

The project was initially voluntarily started by the Indian Banks' Association in collaboration with Child and Youth Finance International (CYFI), which is the world's largest movement dedicated to enhancing financial capabilities of children and youth and was subsequently brought under the Prime Minister's Jan Dhan Yojana (PMJDY).

Currently the project is being launched for Class 9 and 10 students, but it might extend to senior classes in future.

Apart from this, the CBSE has also issued a circular according to which so as to enhance the financial abilities of the students of classes 8 to 10, the National Institute of Securities Markets (NISM) will be conducting a national financial literacy assessment test on November 28 and 29