BML Conducts Financial Awareness Sessions for the Elderly

On 14th December 1990, the United Nations General Assembly designated October 1st as International Day of Older Persons in order to raise awareness about issues affecting the livelihood of elderly people and to celebrate the contributions older people make to the society. Stakeholders foresee the number of older persons worldwide to double in the course of the next three decades, with possibly the world population containing over 1.5 billion people by 2050.

Bank of Maldives Plc (BML) conducted financial awareness sessions in six islands specifically targeted towards elderly people, on the occasion of International Older Persons Day. Sessions were held in AA. Rasdhoo, Sh. Funadhoo, Th. Guraidhoo, Lh. Naifaru, G.Dh. Thinadhoo and S. Hulhumeedhoo. The sessions were aimed to raise awareness among elderly people on how to protect themselves from financial scams and frauds and also conveyed general information regarding banking and financing. It was crucially highlighted by the Bank that elderly persons are extremely vulnerable and has often become victims of scammers and fraudsters approaching them in disguise of the Bank, Government Authorities, etc with the intention of appropriating money by obtaining credit numbers or other information.

(Photo Credit: BML)

During the sessions, elderly people were further introduced to digital banking where they were guided on how to use internet and mobile banking services. An estimated number of 300 people participated in the awareness sessions.