Financial Literacy: Money, Banking, and Financial Institutions
Description
A comprehensive proficiency pathway covering foundational concepts of money, income, financial transactions, and the formal banking system in India. This pathway enables learners to understand money's role in personal finance, sources of income, payment mechanisms, banking infrastructure, and how to effectively use banking services for financial management and wealth accumulation.
Learning Objectives
Upon completion of this proficiency pathway, learners will be able to: (1) understand different forms of money and their functions in the economy, (2) identify and analyze various sources of personal income including earned and passive income streams, (3) recognize and use appropriate payment methods for different financial transactions, (4) prepare and monitor personal and household budgets to manage cash flow effectively, (5) comprehend paycheck structures including deductions and tax implications, (6) understand inflation's impact on purchasing power and money value, (7) maintain organized financial records and documents, (8) apply the concept of opportunity cost to financial decision-making, (9) recognize personal financial behavior patterns, (10) navigate the structure and role of the Reserve Bank of India and banking regulatory framework, (11) distinguish between different types of banks and their functions in the Indian financial system, (12) complete account opening procedures with proper KYC compliance, (13) utilize various savings bank account types appropriately, (14) open and manage current accounts, (15) use fixed and recurring deposit products for structured saving, (16) access and benefit from Basic Savings Bank Deposit Accounts for financial inclusion, (17) read, understand, and reconcile bank statements, (18) calculate simple and compound interest and understand interest rate mechanics.
Courses in this Bundle (12)
Financial Literacy: Retirement Planning and Long-Term Goals
This subject develops competency in retirement planning across the full lifecycle, from early-career calculation through retirement execution and long...
Financial Literacy: Money, Income, and Basic Transactions
This foundational subject establishes essential knowledge about money, its forms, functions, and role in everyday financial life. It covers different ...
Financial Literacy: Fraud Prevention and Consumer Protection
This subject develops the ability to recognize and prevent financial fraud across investments, banking, digital payments, and personal data. It explai...
Financial Literacy: Insurance and Risk Management
This subject develops competency in understanding insurance as risk management tool, evaluating insurance products, and determining adequate coverage....
Financial Literacy: Digital Banking and Payment Systems
This subject covers the evolution of India's digital banking infrastructure and modern payment systems that have transformed financial access. It expl...
Financial Literacy: Investing Fundamentals
This subject develops competency in investment principles, asset classes, and portfolio construction for wealth creation aligned with financial goals....
Financial Literacy: Securities Market and Stock Investing
This subject develops advanced competency in stock market analysis, fundamental valuation, sector dynamics, and security selection. It covers stock fu...
Financial Literacy: Banking and Formal Financial Institutions
This subject provides comprehensive knowledge of India's banking system, regulatory framework, and banking products essential for effective financial ...
Financial Literacy: Credit, Debt, and Borrowing
This subject develops competency in understanding credit mechanisms, responsibly utilizing various loan products, and managing debt effectively. It co...
Financial Literacy: Behavioral Finance and Financial Decision-Making
This subject builds advanced competency in understanding how cognitive and emotional biases influence financial decisions and investment outcomes. It ...
Financial Literacy: Saving and Wealth Building
This subject develops competency in systematic wealth accumulation through understanding saving psychology, selecting appropriate savings instruments,...
Financial Literacy: Taxation and Government Programs
This subject develops tax literacy and awareness of government financial assistance programs essential for income optimization and social security. It...