• Financial literacy is an important life skill for the holistic development of each student. NCFE's National Financial Literacy Assessment Test (NCFE-NFLAT) is a step in that direction. This is a first of its kind national level test, conducted by the National Centre for Financial Education (NCFE), to measure the level of financial literacy among school students. Through this test, NCFE aims to encourage the school students to obtain basic financial skills which are essential for their full participation in society and life time of well being.
• NCFE-NFLAT was launched in the year 2013-14 by the NCFE which is setup as part of NISM, with support from all financial sector regulators i.e. RBI, SEBI, IRDAI & PFRDA for implementation of the National Strategy for Financial Education (NSFE).

Online Test

• NFLAT 2017-18 Online Test shall be conducted throughout the year. A period of 8 months (1st May, 2017 to 31st December, 2017) will be there for those who want to advance to the next round of competition. However, students can take the test in the remaining period also, but they will be issued a certificate and they will not advance to the next round of competition.
• Student Registration through Online Mode within the School only.
• The NFLAT, NFLAT Jr. and NFLAT Sr. Test shall be conducted in the respective schools. The schools having adequate IT Infrastructure and internet connectivity shall be allowed to conduct the test at their premises.
• The Online test shall be available regularly in different slots and timings for the period of 8 months. The school has to invigilate the online test for their own students and any assistance required for the online test shall be provided by NCFE/NISM Team.
• The schools shall be paid a fixed incentive of Rs. 10 per student (for students appearing in the test, mere registration won’t be considered) for NFLAT, NFLAT Jr. and NFLAT Sr. to meet their cost toward student’s infrastructure.
• The school shall update students with the test date and time, well in advance.

Offline Test

• The Offline Test would be conducted in the pen and paper format only. The respective School has to do the online school registration and the student registrations.
• The NFLAT School ID and Student IDs as generated after online registration are to be necessarily mentioned on the OMR Sheets.
• The Schools would be provided the OMR sheets and Question papers for the test (NFLAT Jr., NFLAT and NFLAT Sr.).
• OMR Sheets are to be filled only in English language and BLOCK letters with Black Ball point pen only. Please read all the instructions on OMR Sheets carefully before filling the deatils.
• The Test registration period would be from 1st October, 2017 to 10th November, 2017 and the Offline test would be conducted on a Single Day, i.e., 12th December, 2017.
• The respective school shall conduct the test under the school invigilation only on the given date, i.e., 12th December, 2017 and send back the answered OMR sheets to the NISM by or before 26th December, 2017. After 26th December, 2017 no answered OMR answer sheet couriers shall be considered. (Address:-National Institute of Securities Markets, NISM Bhavan, Plot No. 82, Sector - 17, Vashi, Navi Mumbai Maharashtra 400 703 Phone no:- 022 6673 5100- 02)

Approach for NFLAT 2017-18

For 2017-18 the NFLAT shall be conducted for students from 6th to 12th Standard.

a. NFLAT Jr. 2017-18: This test will be conducted for students of 6th to 8th Standard

b. NFLAT 2017-18: This test will be conducted for students of 9th and 10th Standard

c. NFLAT Sr. 2017-18: This test will be conducted for students of 11th and 12th Standard

Registration Process

1. School Registration - Firstly, the school has to register itself online according to the given ‘Registration Guidelines’.

2. Students’ Registration - Subsequent to the school registration, details of the students interested in the test need to be added/ uploaded by the school.

3. Date and Slot Selection / Enrollment - Finally, the schools need to select the ‘Date and Slot’ on which they intend their students to take the test

Only first two steps are needed for the schools opting for the Offline Test on 12th December, 2017.

Second Round of Competition (Regional and National Rounds)

• After the first round of test, NISM/NCFE shall compile the scores of all the appeared candidates for the NFLAT Jr., NFLAT and NFLAT Sr. through suitable moderation, if required, and rank the top 10 Schools (Pair of 2 top students) from each zone (South, East, West, North and Central).
• The selected school students shall be called for the Regional round Competition comprising of advance test and/or debate and/or quiz and/or presentation or combinations thereof, followed by final 3 school winners (Pair 1+1) to be declared from each zone.
• All the top 3 school winners i.e. 15 School winners would be called for the National round Competition comprising of advance test and/or debate and/or quiz and/or presentation or combinations thereof and from the above, the Top 3 National school winners would be declared.
• Excluding the Regional round winners and National winners, the School students shall be felicitated with a Certificate and Cash Rewards/gift vouchers categorized as Certificate of Special Recognition.
• National Winners shall be felicitated with Certificates, medals & Laptops. The regional winners shall be felicitated with Certificates, medals & Tablets.

For Qualifying Schools

The qualifying schools for the 2nd Round of Competition of NCFE-NFLAT 2017-18 has been declared for each Zone (top 10 schools from each Zone viz, North, East, West, South and Central) The qualifying schools from each zone are invited to participate for the Second Round of Competition at NISM Campus, Patalganga near Navi Mumbai from 13^th April to 15^th April, 2018.

The schools shall nominate 2 students to appear for the next round of competition. These 2 students must be from those who have appeared either for NFLAT Jr., NFLAT or NFLAT Sr. 2017-18 from the respective school.

The School Principal/Teacher-in-charge shall fill the required details for the nominated students in the link given below.

https://nism.wufoo.eu/forms/ncfe-nflat/

Dress Code: The Students should be in respective School Uniform during the entire competition.

The last date to nominate the respective students stands at March 22, 2018

Please note: - The nomination may be as per the schools internal assessments. The nominated students by the school may or may not match with individual regional Winners. Nomination shall be as per the discretion of the respective School.

The students nominated by school are eligible for a fixed amount towards travelling along with one guardian/teacher. We request you to kindly make necessary travel arrangements.

For Mumbai Schools/Students:

• Each School student along with one guardian shall be paid maximum of 2,500/- towards to and fro travel expenses
• Principal / In-charge Teacher shall be paid maximum of 2,500/- towards to and fro travel expenses

For Outstation Schools/Students

• Each School student along with one guardian shall be paid maximum of 10,000/- towards to and fro travel expenses
• Principal/ In-charge Teacher shall be paid maximum of 5000 /- towards to and fro travel expenses.

Please note: - In case if the School nominated Student and Individual Regional Students Winner is same, the travelling reimbursement shall be made only once. The guardian/teacher would be responsible for the transit of students from their respective location to NISM Campus, Patalganga and back. The guardian/teacher shall also take the responsibility of students’ upkeep and care during the whole Visit.  NISM shall not be held responsible for any matter in this regard.

All students, teachers and guardians are expected to report the following address latest by 2 P.M on April 13, 2018 for their transit to NISM Campus at Patalganga:

National Institute of Securities Markets,

Plot No. 82, Sector 17, Vashi

Beside Vashi Plaza, Navi Mumbai 400703

Maharashtra

For Individual Student Regional Winners

The Individual Regional Students Winners of NFLAT Jr. (Class 6 to 8), NFLAT (Class 9 and 10) and NFLAT Sr. (Class 11 and 12) list is enclosed along with the mail. The Regional Students are invited to participate for the National Individual Winners round of Competition at NISM Campus, Patalganga near Navi Mumbai from 13^th April to 15^th April, 2018.

The Individual Regional Students Winners are requested to confirm their participation and fill-in the necessary details in the link given below.

https://nism.wufoo.eu/forms/ncfenflat/

Dress Code: The Students should be in respective School Uniform during the entire competition.

The last date to register the respective students stands at March 22, 2018.

The Individual Regional Students Winners are invited along with one guardian for regional round felicitation and for the national level competition at NISM Campus; each winner shall be eligible for a fixed amount towards the travelling, therefore necessary arrangements shall be made by the student’s parent/teacher.

For Mumbai Student:

• Each School student along with one guardian shall be paid maximum of 2,500/- towards to and fro travel expenses

For Outstation Student:

• Each School student along with one guardian shall be paid maximum of 10,000/- towards to and fro travel expenses

Please note: - The guardian would be responsible for the transit of students from their respective location to NISM Campus, Patalganga and back. The guardian shall also take the responsibility of students’ upkeep and care during the whole Visit.  NISM shall not be held responsible for any matter in this regard.

All students and guardians are expected to report the following address latest by 2 PM on April 13, 2018 for their transit to NISM Campus at Patalganga:

National Institute of Securities Markets,

Plot No. 82, Sector 17, Vashi

Beside Vashi Plaza, Navi Mumbai 400703

Maharashtra

The tentative itinerary for the program is given below:

The aforesaid programs can be changed / altered at any time at the sole discretion of NISM. NISM Decision in this regard shall be final and binding on all concerned.

In case on any query request you to kindly get in touch with NFLAT TEAM  at 022-66734600/01 or write to us at nflat@nism.ac.in

Please click here for registering for NCFE NFLAT 2017-18.

NFLAT would cover the following topics

• Money Matters: Smart Goals and Financial Analysis
• Budgeting: Balancing the Means and the Ends
• Understanding insurance and risk management
• Understanding Investments
• Basics of Banking
• Introduction to Stocks and Bonds
• Investments: The wider Spectrum
• Beyond Savings: Borrowing
• Retirement as a financial goal

Download the detailed NFLAT syllabus here

Please note the syllabus for the NFLAT, NFLAT Jr. and NFLAT Sr. shall remain the same. The difficulty level shall vary for the each.

Students can refer the following study materials to prepare for the test.

• Pocket Money Workbook English | Hindi
• Financial Education for School Children English | Hindi
• Introduction to Retirement Planning English
• Commodity Futures Market English
• Personal Finance for School Students English
• Financial Education Material by RBI Basics of Banking
• Financial Education Material by IRDAI Basics of Insurance

NFLAT Sr. (Class 11th and 12th) students can refer the following additional study materials also to prepare for the test.

• Goods and Services Tax Basics of GST
• Goods and Services Tax FAQs of GST
• Financial Education Material by RBICaBFLiP

The above materials are for reference only. Students are advised to prepare for the test based on the topics mentioned in the detailed NFLAT syllabus.

School Regional & National Winners Schools and Nominated Students Awards

The regional school and nominated students winners who wins the national competitions shall receive only National winner awards.

Individual Regional and National Students Winners

The Individual Regional students’winners who wins the national competitions shall receive only National winner awards.

National Winners of NCFE-NFLAT 2017-18 Click Here

For any queries, write to us at nflat@nism.ac.in or Call us at 022- 66734601 / 02

NISM Bhavan,
Plot No. 82, Sector - 17,
Vashi, Navi Mumbai - 400 703
Maharashtra, India

Results of NCFE-NFLAT 2013-14 for Students | Schools

Results of NCFE-NFLAT 2014-15 for Students | Schools

Results of NCFE-NFLAT 2015-16 for Students | Schools

Results of NCFE-NFLAT 2016-17 for Students | Schools

Photos: NCFE-NFLAT Award Ceremony