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Aurangabad Municipal Corporation to assist parents in opening zero balance bank accounts

AURANGABAD: The civic body will soon launch a drive to assist parents of civic school students to open zero balance bank accounts to avail financial assistance.The Aurangabad Municipal Corporation (AMC) is giving Rs 400 each to all 13,178 students in civic schools to buy two pairs of uniforms. According to the state directive, funds have to be transferred directly into accounts of the students' parents. Around 20% of beneficiaries don't have bank accounts in their name and are facing difficulties in opening one."A bank account is a must for all beneficiaries and we can't disburse cash to them. 

Parents who don't have bank accounts have been complaining that bank officials are not entertaining them," Shirkant Kulkarni , education officer in Aurangabad Municipal Corporation (AMC) said, adding that most beneficiaries come from humble backgrounds and are looking forward to open a zero balance account. Kulkarni said the AMC will call a special meeting of officials of national banks soon to make them aware of the requirement. "We will urge bank officials to give priority to parents so that they can avail financial assistance. 

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