The National Centre for Financial Education (NCFE) was setup in 2013 with support from all the financial sector regulators i.e., RBI, SEBI, IRDAI and PFRDA for implementation of the National Strategy for Financial Education (NSFE). It functions under the aegis of the Technical Group on Financial Inclusion and Financial Literacy (TGFIFL) of the sub-committee of the FSDC (Financial Stability and Development Council). NCFE is now a section 8 (Not for Profit) Company, inc

The Kisan Credit Card Scheme aims at providing adequate and timely credit support from the banking system under a single window with flexible and simplified procedure to the farmers for short term crop loans. In order to extend the operational flexibility to farmers engaged in Animal Husbandry and Fisheries the Government of India had announced their decision to extend the facilities of KCC to these farmers in the Budget 2018-19. The matter has been examined and in co

National Centre for Financial Education (NCFE) invites all school students of class VI to XII to participate in the National Financial Literacy Assessment Test (NFLAT 2017-18) NCFE is a joint initiative of all financial sector regulators i.e. RBI, SEBI, IRDAI and PFRDA to implement the National Strategy for Financial Education and is currently being incubated at NISM. About NCFE-NFLAT 2017-18: The test is available in 3 categories i.e. NFLAT Junior (Class 6 to 8), NFL

Financial Literacy is the first step towards financial prosperity. Financial literacy empowers the common man with knowledge which enables better financial decision making and ultimately financial well-being. In order to create awareness at a large scale on key topics every year, Reserve Bank of India (RBI) has decided to observe one week in a year as ‘Financial Literacy Week’. RBI this year, across the States, will observe June 5 to 9 as the Financial Literacy Week.

To emphasize the importance of financial literacy, the Reserve Bank of India is observing June 5-9, 2017 as Financial Literacy Week across the country. The Week will focus on four broad themes, viz. Know Your Customer (KYC), Exercising Credit Discipline, Grievance Redress and Going Digital (UPI and *99#). During this week, the Financial Literacy Centres (FLCs) and rural branches will conduct special camps and all bank branches in the country will display posters on th

Video link Shri R Gandhi: The banks have since the start of the programme on November 10, 2016 till December 10, 2016 issued notes valued at ₹ 4.61 lakh crore to the public over their counters and through their ATMs. Specified Bank Notes (SBNs) of ₹ 500 and ₹ 1000 returned to RBI and Currency Chests amounted to ₹ 12.44 lakh crore as of December 10, 2016. In this period, the RBI has also issued to the public through the banks and their branches a total of 21.8 billion

"In the foreseeable future, we will bring formal financial services to every Indian who wants them. Financial inclusion will be an important element in ensuring access and equity - the necessary building blocks for sustainable growth of our country." Dr. Raghuram G. Rajan said this today while speaking at the National Seminar on Equity, Access and Inclusion organised by National Institute of Rural Development and Panchayat Raj in Hyderabad. Stating that the imperative

"India has come a long way in encouraging free enterprise - from tiny shops to large internet start-ups, the spirit of entrepreneurship is alive. Doing business is now more reputable than just a few decades ago, as is getting rich. Graduates increasingly want to start businesses or work for start-ups rather than join an established consultancy or a bank. What was now needed was to continue improving the environment so that everyone had a better chance." This was state

Photograph The Reserve Bank of India today issued instructions on trading in Priority Sector Lending Certificates (PSLCs) (FIDD.CO.Plan.BC.23/04.09.01/2015-16 dated April 7, 2016). While releasing the instructions, Shri S. S. Mundra, Deputy Governor, Reserve Bank also launched a platform to enable trading in the certificates through its Core Banking Solution (CBS) portal (e-Kuber). All Scheduled Commercial Banks (including Regional Rural Banks), Urban Co-operative Ban

The zonal round of the inaugural edition of the RBI Policy Challenge - a national level competition by the Reserve Bank of India to further the spread of knowledge regarding financial, monetary and banking matters among the student community - will be held on March 09, 2016, the Reserve Bank of India announced. The zonal rounds will be held among the winning teams of the regional round. The results of the regional rounds were announced on February 29, 2016 by various