The record
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- Government Upper Primary School in Vellamkulangara, near Haripad in Alappuzha district, has started a student-run bank called Vidya Bank.
- The bank was launched by the school's Social Science Club as a practical extension of the Class 6 chapter 'Let's Save for the Future'.
- Students take on roles such as manager, cashier and customer care staff, and handle tasks like opening accounts and managing cash.
- All 115 students from pre-primary to Class VII and teachers can open zero-balance accounts and transact on all working days.
- The school plans to run Vidya Bank for three months, offering 4% annual interest on fixed deposits, so students gain hands-on banking experience.
What to watch next
- Whether the school extends Vidya Bank beyond its planned three-month run
- How the Class VII student-bankers train the next batch of Class VI students
- Whether other schools in the district adopt a similar student-run banking model
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Named India · Alappuzha · C. Madhu · Government Upper Primary School, Vellamkulangara · Haripad · Kerala · P. Omana · P.S. Sindhukumari · V. Rajaneesh
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