December Activity – Piggy Bank to Formal Bank – Teacher’s Section

Introduction 

Savings play a significant role in an individual’s financial well being. It helps us secure our future against unforeseen financial stress. It helps us lead a dignified and secure life. The importance of savings cannot be emphasised more, particularly after the havoc caused due to the Covid-19 pandemic. On the other hand, investments help us grow our wealth. Investments are of several types, based on the risks and expected returns associated with them. Making rational choices for proper investment needs an in-depth study. One should also consult an investment specialist, if required.

As a well-informed citizen of the country, we should know what are the different tools and techniques of savings and investment. It not only helps us get better returns but also helps the country with the finances required for infrastructure development.

Keywords: Survey, Research, Savings Account (Opening/Maintaining)

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