Presentation Transcript
Chotu and Motu are very dear friends. They went to school together, went to college together, went for a job together and married also together.Chotu is a Rich man today while Motu is a poor man :Page 1 Chotu and Motu are very dear friends. They went to school together, went to college together, went for a job together and married also together.Chotu is a Rich man today while Motu is a poor man What did Chotu do differently from Motu ?
Slide 2:Page 2 What did Motu do ?
All the pocket money which Motu got, he spent on chocolates and playing video games
He spent money on bikes and movies in college
When he got a job, he spent unnecessarily on Mobile phones, expensive clothes and drinking
On marriage, he spent a lot of money on decoration, expensive clothes, lights and food
Slide 3:Page 3 What did Chotu do ?
Chotu saved his money in piggybank which he deposited in Bank
In college, Chotu took tution classes, earned money and put in Savings Bank A/c
When he got a job, he saved money and bought a new house
On marriage, he spent less money on expensive clothes, decorations etc and saved that money in Bank
Today, Chotu has his own house, TV, Car, Refrigerator and DVD Player. He is a rich Man
So what did Chotu do differently than Motu? :Page 4 So what did Chotu do differently than Motu? Discussion….
What is a Bank :Page 5 What is a Bank Deposit Loan
Savings are important :Page 6 Savings are important You can start by saving small sums regularly…
Savings is Important !! :Page 7 Savings is Important !! 4.5 lacs 8.5 lacs 21 lacs Rs 1,000
Every month Rs 2,000
Every month Rs 5,000
Every month Savings over a period of 15 years
Long term Savings gives you more benefit than short term savings :Page 8 Long term Savings gives you more benefit than short term savings
Long term savings are Important !! :Page 9 Long term savings are Important !! 1.5 lacs 4.0 lacs 8.5 lacs 5 years 10 years 15 years Rs 2000 savings every month
Benefits of a Bank :Page 10 Benefits of a Bank Savings Bank Account
You can have a ATM card
You can use a Cheque
You can keep your jewellery for safe custody
You can keep your savings in Fixed Deposit
You can get a Demand Draft from the Bank
You can borrow money
Why is Cheque and ATM card important? :Page 11 Why is Cheque and ATM card important? Cheque
For big sums of money, it is risky to pay with cash
Cheque leaves a proof of payment
ATM Card
No need to carry lot of cash in your pocket while travelling or at home which can be risky
Quick cash withdrawal
Demand Draft
No need to send cash.
Unlike Cheque, DD will never bounce
It is also safe