JOWAI: The Reserve Bank of India (RBI) organized a financial literacy campaign program at Tpep-Pale Secondary School, Jowai on Wednesday.
The campaign aims to encourage thrift among students’ community and their parents in regard to banking.
The Deputy General Manager RBI, T Lhundim who attended the campaign said, “It is very important to inculcate the habit of saving among the students of the country. Students are the future generation of our country so it is very important that we educate them about the importance of developing good financial habit”
“Parents and children can raise as much as fifty thousand rupees for their wards’ education if they save only Rs. 27 per day which will cumulate to fifty thousand in 5 year times. It only needs financial planning and not to mention that banks are also offering education for students who wishes to continue their studies Lhundin”, said.
Earlier, Manager, RBI Shillong, Nabin Khakhlary gave a power point presentation to educate the youth on how to distinguish fake currency from legal tender.
RBI targets that by 2016 at least one member in every family in the country should have a bank account and RBI has directed all Banks to encourage people to open bank accounts.