An awareness seminar on “Financial Literacy Week–2026” was conducted enthusiastically on Wednesday at Sri Ramakrishna Degree College, with the support of Union Bank of India.

Speaking on the occasion, the College Chairman Prof. G. Ramakrishna Reddy advised students to enhance their financial knowledge in accordance with the changing times. He stated that such seminars help students overcome challenges in the banking sector and protect themselves from financial frauds. He also expressed his gratitude to the officials of Union Bank for providing this valuable opportunity.

Another chief guest, M. Ravinder Kumar, explained the importance of KYC (Know Your Customer).

• KYC: He highlighted its importance for opening bank accounts and ensuring the security of financial transactions.
• CKYC: He explained the 14-digit Central Know Your Customer number, which helps maintain a centralized KYC record.
• DEAF (Depositor Education and Awareness Fund): He informed that if there are no transactions in a bank account for ten years, the funds are transferred to the Reserve Bank of India (RBI) under the DEAF scheme. According to statistics, by January 2026, approximately ₹72,454 crores had been transferred to the RBI under this provision.

After the seminar, a quiz competition on financial topics was organized for students. Students participated actively and answered the questions enthusiastically. Prizes were distributed to the winners by the guests.

At the end of the program, the college chairman and faculty members felicitated the guests—M. Ravinder Kumar, B. Arun Kumari, P. Device, and S. Pandey. A large number of faculty members and students of the college attended the program.