Now it is time to learn everything about our lifestyle and all the necessary things required for us. One of the most important tasks is to learn the Banking Business. Right from a small age of our child, he/she should know about Banking Stuff.
Nowadays, it is the time of Internet Banking, Phone Banking, Credit Cards, Debit Cards, and Cash Cards.
Now we need to teach all the aspects of Internet Banking starting with the creation of a user ID/Password. Every Bank has got its own way to use the Banking Account by the user. Some Bank provides us Username & Password & then sends the Dynamic Code to our registered Mobile & email for double security purpose. Some Bank Provide their own tools (Software for Token with desk-top-page) with User Name/Password & Token-Pin with separate Transaction IDs & Password. Like this, there are so many other concepts of net Banking. These concepts need to be taught to our Children.
Secondly, we need to teach them the functioning of the Bank. The concept of a Cheque (some countries call it a check), Banker’s Cheque, Demand Draft, and so on. The detailed functioning of Credit cards, Debit cards (ATM cards), and cash cards need to be taught to our child.
Our child should know how to withdraw the amount from ATM (we need to be there in the ATM center Along with the child). Through this, he/she will know the functioning of the ATM.
Simultaneously, we can build the habit of saving the amount in the Bank, right from a small age.
This will increase their curiosity about banking Sectors and definitely it will help the child to build good habits.
I think Awareness of complete knowledge will help to stop fraud in Internet Banking.
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