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Abstract
Financial literacy means understanding various concepts like financial planning, investment options, time value of money, compounding concept and positive return providing techniques. Financial literacy is the combination of knowledge, skills, attitudes and ultimately behaviors that translate into sound financial decisions and appropriate use of financial services. Lack of financial literacy may have a negative impact on the financial status of the individual. Financial literacy can create a meaningful difference in people’s lives. Financial literacy helps the individuals to attain financial stability. It helps the person to improve his confidence and sentiments to take the better financial decisions. The present study is an attempt to study the level of financial literacy among people in India by using literature based analysis.