Why in News?

The Financial Literacy Week was formally inaugurated on February 14, 2022 by Sanjeev Sinha, General Manager, RBI, Ranchi Headquarters in Jharkhand.

Key Points:

=> The Reserve Bank of India (RBI) has been organizing Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a specific topic across the country.

=> This year's Financial Literacy Week theme is 'Go Digital, Go Secure', which will be observed from February 14 to February 18.

=> During the Financial Literacy Week, RBI will broadcast three messages – Facilitation of Digital Transactions, Security of Digital Transactions and Safety of Customers.

=> Some other measures have also been taken by RBI for financial literacy, such as-

• The Reserve Bank of India has released the third edition of the FAME (Financial Awareness Message) booklet, which aims to provide basic financial literacy messages to the public.
• Audio visuals on topics related to financial literacy have been prepared for the benefit of the general public.
• These audio visuals are on 'Basic Financial Literacy', 'Unified Payments Interface' and 'Going Digital'.

By: ASRAF UDDIN AHMED