The MoU (memorandum of understanding) has been singed under the aegis of the Human Resource and Development Ministry, Canara Bank said in a statement today.
The financial literacy classes, as part of the social responsibility programmes of the bank, would prepare students for their future and thrust inclusive growth, it said.
Students would be familiarised with the banking structure in India and movement of funds between banks and various schemes.
The practical sessions will teach them to fill forms, cheque books and withdraw money from the ATM (automated teller machines).
"They would also be taught how to fill in an account opening form. They would be encouraged to open their own account with a small amount and to save some money in the account every month," the statement said.
Third part of the classes would cover basic do's and dont's while operating their bank accounts.
It will also inform the students about education loan facility available for higher education.
Also, the bank would introduce 'Canara KV fee collection card' enabling the parents to pay school fees using a specially designed chip based debit card. These cards could be swiped in an EDC (electronic data capture) machine kept in the schools.
The bank hopes to increase its current and savings account base by getting the savings account of the parents of the students, it said.
