The Young Chronicle: For 1st Graders November 8th, 2014 | Page 4

YOUNG CHRONICLE

November 8th, 2014

Life Skills
You Should Know What The
Rights of All Children Are

What is a Bank Account
Rambo and Pranks have heard
your parents talk about taking out
money from the bank, or ATM
Machine. What is a bank? Why do
people put and take out money in a
bank?

You are lucky that your parents love you so much and
take care of everything you need. But there are many
children on the roads, working in shops, who have to
work instead of going to school or beg on the streets.
You wouldn’t remember, but your parents gave you
Polio and other injections when you were born, so that
you didn’t get diseases. Many children don’t get them.
Many children are not as lucky as you.

What does this mean
exactly? What does a
bank actually do? Why do people put
money in a bank?
Well, a bank is a place where people put in money, so that it
is kept safely and they earn money on it. So if you deposit
Rs. 100, and keep it in a bank for a year, you could earn Rs.
6 extra if your bank gives you 6% on the money you put in.
So you would have Rs. 106 with you at the end of the year.
Isn’t this cool? So if you put in more money you could earn
much more.

So the government has some rights for all children.
The government jails the people who don’t give the
children the rights below. So if you find anyone not
giving these rights, call the police immediately.
1)

2)

Now, why does a bank give you money? When you put in
3)
money, the bank uses your money to earn more money.
4)
They lend that money or give loans to other people, and
companies. When they lend money, they earn more money
(mostly, a bank charges 10-13% money on loans). Since they
earn more from your money, they give you a part of it. So if
your uncle takes a loan of Rs 100 from the bank, he will have
to return Rs. 113. So out of the Rs. 100 you invested, a bank
earns Rs. 113, and gives back Rs. 106 to you. It keeps the
5)
remaining Rs. 7 to itself.

What is an ATM Machine?

1) Every child has the right to be born. Some people
kill girls even before they are born. This is wrong, and
such people can go to jail.
2) It is every child’s right to get basic medical care. So
the government gives injections to all babies free, or
at very little cost. So, if your maid has a child, ask her
if she has gone to the nearest government hospital to
give her child the dose.

3) Every child has the right to food, shelter and
clothing. This is why the government has orphanages
and child care homes. Find out where the child care
3
home in your city is, and if you see a child begging,
tell him or her to go there.

An ATM (or Any
6) 4) Every child has the right to live with dignity. For
Time Money)
example, even if a child is a girl, or is born
Machine, does
handicapped, he or she has to be offered love and
exactly what its
care.
name suggests.
When papa or
mumma insert their
3) 5) Every child has the right to be protected. His health
ATM card in the
needs to be taken care of. He/ she should not be
machine, the
beaten, or taken advantage of at home or ay where
machine connects
else.
with your bank
account. When you punch in the amount to be withdrawn, the
money gets deducted from the bank account straight. Isn’t
that cool.
6) All children have the right to education, love and
care, food, and play.