Ever heard of any term like Switzerland Time Bank?
Latest news about Switzerland Time Bank and why this has been launched and its benefits too.
This is a very good initiative taken by the government.
What Does Switzerland Time Bank Stands For?
It is a well-known fact that you can save money in the bank and withdraw it when you need it. But can you save your time in the bank and take it later when needed?
Switzerland has made a unique project in the world. Switzerland’s Ministry of Social Security has launched a time bank called “Time Bank“, a modern pension scheme for the elderly.
How Can I Open Account in Switzerland Time Bank
Anyone can open an account with Time Bank. Account-holders can save their time in this. Then you can use that time when needed. Those who open an account with this bank should help others in their spare time.
For something like this for the elderly or the disabled or the poor, they need to go home and do what they need to do. For example, you can cook for them and go to the shops to buy groceries. They can be taken to the hospital.
Switzerland Time Bank Benefits
Time Bank saves time by saving time like this by opening an account in Switzerland Time Bank or sending people in time of need of assistance in old age. It will deduct from the time you save in the bank.
At the end of each year, a “time saving card” is issued to calculate the number of hours credited to the account. Switzerland’s program is not only a great way to reduce the country’s pension costs, but also a great social solution. The majority of Swiss citizens support the geriatric welfare program.
So, this was about Switzerland Time Bank a new initiative taken by the government.