National Finance Olympiad (NFO)
₹4,00,000 Worth Scholarship
National Finance Olympiad (NFO) is a competition by National Finance Academy for students in Class 5–12, open to students across India.
Mode
Online
Eligibility
Class 5–12
Fee
₹599
Duration
60 minutes per round
Format
Individual
Time needed
Approximately 1-2 hours for the exam, plus dedicated preparation time using provided resources.
About This Opportunity
The National Finance Olympiad (NFO) is a leading initiative dedicated to promoting financial literacy and empowering the youth of India with essential money management skills. It aims to integrate practical financial education into the academic curriculum, preparing students to confidently navigate the complexities of the financial landscape. This Olympiad is aligned with the National Education Policy (NEP 2020) and developed in collaboration with IIM professors and finance industry experts.
This Olympiad is open to students from Grade 5 to Grade 12 across India. Participants will engage in an online examination tailored to their age and academic levels, covering topics like money, banking, financial planning, investments, loans, and credit. The competition is structured into two rounds: a preliminary round and a final round, both consisting of multiple-choice questions.
Participants gain invaluable life skills, national-level recognition, and comprehensive rewards. All participants receive e-certificates, while national winners are eligible for scholarships up to ₹4,00,000 and attractive cash prizes. The Olympiad helps students develop healthy money habits and acquire practical financial skills for real-world challenges, fostering confident and financially aware future citizens.
Join over 40,000 students and 500+ schools in this unique opportunity to enhance your financial acumen. The NFO provides an online student hub with essential preparation resources, including study guides, sample papers, and exam simulators, ensuring students are well-prepared to excel.
Eligibility
- Grade Level
- Class 5–12
- Age Range
- 10 - 18 years
- Location
- Nationwide
Academic requirement
Currently enrolled in Grade 5 to Grade 12 in any school in India.
Open to students in Grades 5-12 (ages 10-18) from any school across India. No specific academic prerequisites beyond current school enrollment. Participation is nationwide and conducted online, making it accessible from anywhere in India.
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Academic Details
Difficulty: Mixed Levels
What's covered
The curriculum is meticulously tailored to students' age groups and academic levels, ensuring age-appropriate content. It covers fundamental topics such as currency, bank accounts, financial security, and digital payments for younger grades. For older students, it delves into personal finance basics, inflation, interest, insurance, various types of investments (including mutual funds, bonds, fixed deposits, and equity), loans, credit scores, and tax planning. Comprehensive study guides and Olympiad exam simulators are provided to aid preparation.
Rewards & Recognition
Award
₹4,00,000 Worth Scholarship
Scholarships worth up to ₹4,00,000 are awarded to national winners. Attractive cash prizes are also awarded to national and state toppers.
Prizes
Trophies
National and state toppers receive trophies.
Certificate
Certificate of Achievement
All participants receive a digital e-certificate of participation. Students achieving top ranks will receive a Certificate of Achievement. National and state toppers will receive additional certificates of recognition.
Opens doors to
Provides a significant advantage for admissions to prestigious universities and colleges for commerce, economics, and business administration programs. National-level recognition can be a valuable addition to academic profiles.
Career pathways
Enhances career prospects in finance, banking, investment, and related sectors by building a strong foundational understanding and demonstrating aptitude in financial concepts.
Recognition
National-level Recognition
Skills your child builds
Highlights
- Aligned with National Education Policy (NEP 2020) for financial literacy.
- Developed in collaboration with IIM professors and finance industry experts.
- Offers an online student hub with essential preparation resources.
- Focuses on practical, real-world financial skills.
Exam format
- Duration
- 60 minutes
- Format
- Multiple Choice Questions (MCQs)
- Language
- English
Rounds & format
The Olympiad consists of two rounds. The Preliminary Round and the Final Round. Both rounds are MCQ-based examinations, each with 50 questions and a duration of 60 minutes. The preliminary round blends financial concepts, geopolitics, and real-life case studies.
How entries are judged
Based on correct answers in the MCQ examination. No negative marking.
Selection process
Top performers from the preliminary round advance to the final round. Selection is based on scores in the MCQ examination.
How to apply
- 1Register online through the official National Finance Olympiad website.
- 2Fill in required details including student name, grade, school name, email ID, pin code, city, and state.
- 3Complete the payment of the registration fee to confirm registration.
- 4Upon successful registration, participants will receive access to study material, sample papers, and exam simulators via the NFO Student Hub.
- 5Student login credentials and exam instructions will be provided via registered mobile number and email.
How to prepare
- Comprehensive study material (e-book)
- Sample question papers
- Olympiad exam simulators
- Detailed performance reports
- Study guides
Fees & financial support
Fee details
The standard registration fee for the National Finance Olympiad is ₹599. This fee includes Olympiad registration, access to comprehensive study material (e-book), and sample question papers. For some school-specific registrations, the fee may vary, typically ₹200 or ₹250. The registration fee is non-refundable.
Refund policy
Registration fees are non-refundable under any circumstances.
Frequently asked questions
Is National Finance Olympiad (NFO) free?
₹599 registration
Who can participate in National Finance Olympiad (NFO)?
Students in Class 5–12. children aged 10-18.
What will my child gain from National Finance Olympiad (NFO)?
Cash prizes and trophies for national and state toppers.. Certificates of participation and achievement for all students.. Develops practical financial knowledge and money management skills.. Provides national-level recognition and prestige.. Offers comprehensive study material, sample papers, and exam simulators for effective preparation.. Scholarships up to ₹4,00,000 for national winners.. Attractive cash prizes for national and state toppers..
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