ABOUT THE COURSE

Who this course is for?

  1. If you have completed 7th standard and wish to appear or have already registered for the annual National Financial Literacy Awareness Test (NFLAT) organised by the Govt of India, then this course is best suited for you. Click here to know more about NFLAT.
  2. The course is also open for anyone, who wishes to become financially literate to take better financial decisions in life. There is no age bar for taking this course.
  3. Our E-learning module provides comprehensive coverage of the NFLAT syllabus and goes beyond to also provide real-world financial skills. On completing our course, learners will be ready for the NFLAT exam.

About this course:

  1. This course is free and will always be free.
  2. You can access this course from internet and from laptop, desktop, tablet or from smart phones.
  3. The course is available both in Hindi and English language.
  4. There are no passwords required for getting access to the course. Just register using your basic details and get your roll number. This roll number can be used to login to access the course
  5. The course explains financial concepts using simple stories, interactive games and exercises
  6. There are total 9 chapters in this course, covering basics of : money, budgeting, investments, banking, stock market, mutual fund, insurance and retirement planning
  7. You must take the course in sequence (i.e. starting from Module-1). Each module will take approximately 45 minutes to complete.
  8. You can pause and exit the course anytime. The next time you log-in, the course will automatically start from the point where you have left last time
  9. After you complete all the 9 modules, there will be an end of course assessment. If you score more than 50% in the end of course assessment, you will receive a digital accomplishment certificate

The course covers the following areas:  

  1. SMART Financial Goals: This chapter discusses how to set and achieve financial goals in life
  2. Budgeting: This chapter discusses how to properly plan income and expenditures to achieve financial goals
  3. Insurance: This chapter discusses what is an insurance, need of an insurance, various types of insurances, and how to select an insurance
  4. Investments: This chapter discusses how to grow your money, importance of investment, basic concepts of inflation, time value of money, simple interest and compound interest
  5. Banking: This chapter discusses the basics of banking, ATM, Cheque book, Demand Draft, different types of bank account, and how to open a bank account
  6. Borrowing: This chapter discusses what is a loan, different features of a loan, good loan vs. bad loan, and things one need to know before taking a loan
  7. Stock Market: This chapter discusses basics of stocks, bonds, debentures, how stock market works, important terms related to stocks and stock markets, and things to know before investing in stock market
  8. Investment Options: This chapter discusses about what is Mutual Fund and how it works, different types of mutual fund, how to invest in a mutual fund, things to know while investing in mutual fund
  9. Retirement: This chapter discusses about retirement planning, and how to achieve a financially worry free retirement life

 About NFLAT:

        We believe financial literacy is an important life skill for the holistic development of each student. NCFE's National Financial Literacy Assessment Test (NCFE-NFLAT) is a step in that direction. This is a first of its kind national level test, conducted by the National Centre for Financial Education (NCFE), to measure the level of financial literacy among school students. Through this test NCFE aims to encourage school students to obtain basic financial skills which are essential for their full participation in society.

        Targeted towards school students of Class VIII to X, NCFE-NFLAT would assess their knowledge on topics such as Money, Savings, Banking, Budgeting, Insurance, Investment, Retirement planning, etc. The test is conducted online across the country, both in English and Hindi.

        NCFE-NFLAT was launched in the year 2013-14 by the NCFE which is setup as part of NISM, with support from all financial sector regulators i.e. RBI, SEBI, IRDAI & PFRDA for implementation of the National Strategy for Financial Education (NSFE).