Students of class XI Sci & Comm and XIISci were taken to a Bank visit as a part of Educational tour to IDBI Bank, Racecourse Branch, Vadodara by their Commerce Faculty, Ms Pooja Makhija. Around 12:00 noon, the students reached the Bank and the Manager, Mr. Amit Gupta and the Deputy General Manager, Mr. Gulshan Rai welcomed them warmly as the visit was pre-decided. Then the Manager took them around the varied counters and introduced them to the in-charges there and explained them the functions carried out there. They moved around all the counters and saw how transactions were carried out and were even familiarized with the different kinds of slips to be filled for drawing money, for issuing a demand draft or for applying for a cheque book etc. The Manager of the Bank led the students into their conference room where they were seated around an oblong shaped table and using a white board, he explained the following: -
- Basic fundamentals about banking.
- Types of accounts
- Process of opening of account
- Various counter and their working
- About financial market and mutual fund
- e-banking and mobile banking
- Types of cheques and slips used in banks
- Plastic money i.e Debit card, ATM credit card etc etc.
On the whole it was a highly productive visit as the students got first hand experiences of working of a Bank and the kinds of transactions and saving schemes with their rate of interest and the extent of its viability in the market.
