Celebrating Children’s Day brings back fond memories of your childhood. Those formative days doused in pure innocence, when a simple celebration with chocolates at school and getting wished “Happy Children’s Day” was enough to fill you up with joy. Now as adults, it’s a beautiful reminder of how we can nurture and cherish our children, give wings to their dreams and safeguard their future. And we can do so by inculcating in them some lifelong skills, like the value of saving and investing money.

Financial literacy is crucial in today’s world, and the earlier kids start learning about managing money, the better equipped they will be to navigate their finances as adults. Teaching them to save small amounts either as a lump-sum or periodically in a kids savings account will prepare them to deal with the financial headwinds of the future. 

The concept of saving early also helps them understand the value of budgeting, planning and the responsibility that comes with financial independence. SIB GenNext, a Savings Account, exclusively for kids, is designed to make their financial learning journey fun and easy. The SIB GenNext account can be opened for anyone from newborns to even upto 18 year olds. And if your kids are 10 years or older, they can operate the account on their own, under adult supervision, of course.

Today, with inflation at an all-time high and the cost of higher education reaching astronomical heights, it is never too early to start saving for your kids’ future. Small steps you take today will make a huge impact in the future. So you’re not just teaching them the value of saving, you’re also teaching them to actively participate in their own future. Plus, having their own account also gives children a sense of pride and ownership. They get to see the rewards of patience and consistency firsthand.

So, this Children’s Day, give your kids more than just gifts and fun activities. Give them a solid foundation for a secure future. Inquire today itself about SIB GenNext savings account so you can make a little contribution today that will last a lifetime for your kids.

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Disclaimer: The article is for information purpose only. The views expressed in this article are personal and do not necessarily constitute the views of The South Indian Bank Ltd. or its employees. The South Indian Bank Ltd and/or the author shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial/non-financial decisions based on the contents and information’s in the blog article. Please consult your financial advisor or the respective field expert before making any decisions.