Visit to Axis Bank

Creating and managing a budget is a life skill that enables an individual to be fiscally responsible. Students of class VIII visited Axis Bank, Palam branch as a part of their Project Based Learning on 2nd February 2016.
Ms. Amrita, a Senior Banking Official explained the various banking activities like opening of account, issuing of cheques, functions of clearing house, operating ATMs and other banking services like lending of loans etc., to the students.
The students got a working knowledge about various types of accounts like Savings Bank account, Recurring Deposits, Fixed Deposits and Current Accounts operated by business people. Over draft facilities were also explained. Operation of Forex department dealing with currencies of other Nations and Export and Import transactions were also briefed by her.
The students got an idea about financial transactions of banking institutions and the vital role played by them in the economic development of the Nation as a whole.