Lesson Plan: Week 5 - Introduction to Banks
Objective: Help students understand banks and their features.
Time: 45 minutes
1. Spark/Big Question (5 minutes)
Question: What is a Bank and if any of them have visited any Banks with their parents, If yes
what did they observe there?
Activity: Facilitate a brief discussion, encouraging students to share their thoughts and ideas.
Record key points on the board to refer back to during the lesson.
2. Introduction to the Topic (10 minutes)
Discussion Points:
1. What is a bank? -
A bank is a place to keep and safeguard money. Here money cannot be lost and you can
get access to it as and when needed. Secondly, it will help to increase the savings in a
better way, and help whenever needed in the future.
2. Discuss the basic features of banks like Savings accounts, loans and interest rates
3. Visual Aid: We can refer the below pics to illustrate how banks operate and their features
Start from savings
Bank is a place:
- To keep and save your money
- To get loans for big purchases like homes, and car, own business
Why save money in Bank? (SGC)
- Safety: Keeps your money safe from loss or theft.
- Growth: Banks pay you "interest" for saving money.
- Convenience: Easy to access when needed (via ATM, UPI, Debit cards, etc)
What is a loan:
Loan: Money you borrow from the bank that you promise to pay back later
But here’s the important part: you have to promise to pay it back later, little by little, and
sometimes you pay back a little more than you borrowed. That extra money is called interest.
Here’s an example they might understand:
Imagine you want a big toy that costs $50, but you only have $20. You can ask a friend or your
parents for a loan. They give you the $30 you need, and you promise to pay it back over time.
Later, you might give them $5 extra as a "thank you" for letting you borrow the money. That’s
like interest!
Why do people take loans?
- To buy big things like cars, phones and homes
- To start or grow business
- To pay for some emergency
Image activity: Show some images of bank related activities
3. Group Activity (15 minutes) - Banking scenarios
● Divide students into small groups and provide each group with a scenario involving a
bank (e.g., saving money for a toy, applying for a loan to start a Bakery, applying load to
buy a vehicle).
Plays:
1. You are depositing Rs. 200 in bank; what will you do
2. You want Rs. 5000 to start a cakeshop -> you go to bank to get loan; Now, you need to
pay Rs. 5500 after 1 year
● Each group discusses their scenario and decides how a bank would help them.
● Groups then present their scenarios to the class, highlighting the features of banks they
utilized in their solutions.
4. Mini Assessment (5-10 minutes)
Distribute a short worksheet with the following questions or write them on the board:
1. What are two services which a bank provides?
2. Why is it important to save money in a bank?
3. Which bank does your parents use?
4. Why people take loans?
