The Indian Banks' Association (IBA) has decided to collaborate with Child & Youth Finance International (CYFI) to work out an industry-wide programme whereby every bank branch will adopt a school in their vicinity.
Under the tie-up, every bank branch will open an account and impart financial education with a view to transforming the school students into future economic citizens, IBA said in a statement issued on the occasion of Children's Day.
CYFI is an organisation registered in Amsterdam and supported by the United Nations.
It leads the world’s largest movement dedicated to enhancing the financial capabilities of children and youth. Launched in April 2012, the movement has already spread to over 100 countries and has reached more than 18 million children.
Every year the CYFI celebrates Global Money Week in March.
Global Money Week is a global celebration to empower the next generation to be confident, responsible and skilled economic citizens.