The banking system takes special care to make sure that our money is safe and secure when we deposit it in the bank.
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Strong Lockers
Banks have big and strong lockers where they keep our money. These lockers are like special safes that can only be opened by the bank employees. They make sure that nobody can take our money without our permission.
Security Guards
Banks have security guards whose job is to protect the bank and make sure nobody does anything wrong inside or outside the bank.
CCTV Cameras
Banks have special cameras called CCTV cameras. These cameras can see and record what happens inside the bank. They help the bank employees keep an eye on everything and catch any bad people who try to do something wrong.
Secret Codes
When we have a bank account, the bank gives us special codes to keep our money safe. It's like having a secret password that only we and the bank know. Once the bank gives us that secret password, we need to change it to suit us. We need to use these codes when we want to take out money or do any important transactions. This way of banking is called net banking because it is done over the Internet.
Bank Policies
Banks have strict policies and rules that they follow to protect our money. They have special systems in place to make sure that our money doesn't get lost or stolen. They train their employees to handle our money safely and follow all the rules.
Deposit Insurance
There is a special organization called the DICGC or Deposit Insurance and Credit Guarantee Corporation that protects our money in the bank. If something bad happens to the bank and we lose our money, the DICGC makes sure that we get our money back, up to a certain limit. It's like having an extra layer of protection for our money.
