Key Points
From 2016 onward, the Reserve Bank of India (RBI) has annually organized Financial Literacy Week (FLW) to improve the public's understanding of financial concepts and products, enabling them to make well-informed decisions for their financial well-being..
The chosen theme for the Financial Literacy Week, scheduled from February 26 to March 01, 2024, is Initiate Wisely: Cultivate Financial Intelligence"..
The annual Financial Literacy Week aims to promote the utilization of formal banking and financial services, discouraging reliance on informal or unreliable sources..
Efficient financial planning: Having financial literacy empowers individuals to establish practical financial goals, develop budgets, monitor expenses, and manage savings effectively..
With its foundational nature, financial literacy empowers individuals with essential knowledge and skills, enabling them to make informed and prudent financial decisions..
