‘Foundation of sound financial behaviour rests on planning’

 

 

To mark the commencement of ‘Financial Literacy Week (FLW)’, being observed by the Reserve Bank of India (RBI) from February 13 to 17, Sangeeta Lalwani, Regional Director (RD), RBI, Nagpur unveiled the posters on this year’s theme.

The inaugural function for FLW 2023 was held at RBI Nagpur in presence of senior officers of RBI, Nagpur, Chairman, Vidarbha Konkan Gramin Bank (VKGB), Zonal Manager, Bank of Maharashtra, Deputy Zonal Manager of Bank of India, Chief Executive Officers of Gadchiroli and Chandrapur District Central Co-operative Banks (DCCBs), District Development Manager, NABARD and Lead District Manager, Bank of India for Nagpur district.

The theme selected for the current year is ‘Good Financial Behaviour-Your Saviour’.

Reserve Bank of India (RBI) has been conducting Financial Literacy Week (FLW) every year since 2016 to propagate financial education messages on a particular theme across the country.

While highlighting the theme of the FLW 2023, Regional Director in her inaugural address focused upon the key messages to be disseminated during the week, viz. “Saving, planning, and budgeting” and “Prudent use of digital financial services”. She mentioned that the foundation of sound financial behaviour rests on planning of personal finances and budgets enabling better financial decisions and preparing for unforeseen contingencies and emergencies. She added that given India’s G20 Presidency in 2023, financial literacy efforts assume even more significance as it can be considered a sine quo non for sustained financial inclusion and consumer protection. Digital financial services are convenient and time saving, there is always need of prudent behaviour to prevent scams, frauds, unauthorised use of data, etc.