The Magic of Finance

Open your first passbook and watch your treasury grow — based on Banks and the Magic of Finance.

Every rupee you save, borrow, or transfer passes through a quiet system of banks, post offices and the Reserve Bank of India — the country's financial infrastructure. Understanding it is a kind of magic: put a little money in, and over time, it grows.

You're opening your very first bank account. Answer questions correctly across five topics to grow your treasury, and see how far your knowledge — and your money — can go.

Five topics await: What Banks Do, Types of Accounts, Interest & Compounding, Payment Methods, and The RBI & Beyond.
Topic 1 of 5

What Banks Do

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Statement issued to account holder,

New Depositor
You've just opened your first account.
0/20Questions correct
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Five things you now know:
  • Banks accept deposits, give loans, and provide payment services — earning income from the gap between deposit and loan interest rates.
  • A savings account suits regular savers, a current account suits businesses, and a fixed deposit locks money away for a higher rate of interest.
  • Interest is the extra money banks pay on deposits or charge on loans — and compounding, or "interest on interest," makes savings grow faster over time.
  • Payments can move through ATMs, debit cards, cheques, and instant digital systems like UPI.
  • The Reserve Bank of India, set up in 1935, regulates banks and sets the benchmark interest rate, while institutions like NABARD support rural development.