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BANK

Savings -accountSavings accountAn savings account used to deposit money

in the bank.bank have certain rules for the minimum

balance which has to be held in the account.

This account gives interest for the money held in the account.

Money can be added or withdrawn at any time from this account.

ATM CUM DEBIT CARD

ATM /Debt cards and Credit cards.These are basically issued by banks to persons who have an account with them.

An ATM card gives you access to your bank savings and current account 24 hours a day, 7 days of the week.

There are two types of cards they are theDebit and credit cards.

Now to know more about money or our currency

RUPEE NOTE

You know there are identification marks

in a Indian rupee note that will help blind people in identifying the notes.

It is usually represented by a raised black circle OR triangle

Have we ever looked closely at a currency note or a coin?

Have you heard of the word Security Thread in a note?

It is a security feature in notes to protect against FORGERY/MAKING OF FAKE NOTES

It consist of a ribbon which is threaded through the paper .

The ribbon is usually made up of metal foil or plastic and usually has some text or numbers engraved on it.

Bartering worked for many years until it was no longer convenient to trade.

After bartering, metal became the most popular form of money in most of Europe and Asia.

People used gold, silver, and copper as money because they were pretty and hard to get.

The problem with the metal was that it was too heavy.

People hated carrying it around.

WHO WERE THE FIRST ONES TO USE COINS?

RBI stands for? a) Reserve Board of India b) Reserve Bank of India c) Rates Board of India.A savings account is a) Where you keep your money b) A special kind of piggy bank c) A place to put your shoes d) A bunch of grapes

Kids next time you look at money remember that it has a very interesting history behind it.