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1. On which date is World Savings Day observed globally?
World Savings Day is observed globally on October 31, aiming to promote awareness about the importance of saving and encourage individuals to reflect on their spending and saving habits. This day contributes to financial well-being and security, emphasizing the significance of saving for future expenses and achieving financial goals. Initially established in 1924 during the International Savings Bank Congress, World Savings Day has evolved to become a significant event in promoting financial literacy and stability worldwide. In India, however, it is observed on October 30.