National Financial Literacy Assessment Test (NFLAT) for Indian Students
by National Centre for Financial Education (NCFE)
E-Certificates from NCFE & NISM
National Financial Literacy Assessment Test (NFLAT) for Indian Students is a competition by National Centre for Financial Education (NCFE) for students in Class 6–12, open to students across India. Registration closes 31 May 2026. It is free to take part.
Mode
Online
Eligibility
Class 6–12
Fee
Free
Duration
1 hour
Format
Individual
Time needed
Approximately 1 hour for the online test, plus preparation time.
Key Dates
- Registration opens
- 15 Dec 2025
- Registration closes
- 31 May 2026
- Competition
- 5 Jan 2026 – 30 Jun 2026
Online · NCFE Online Test Portal
About This Opportunity
The National Financial Literacy Assessment Test (NFLAT) is a nationwide initiative by the National Centre for Financial Education (NCFE) aimed at enhancing financial literacy among school students across India. Launched in 2013-14, this annual assessment helps students develop crucial financial skills for making informed decisions throughout their lives. It covers fundamental concepts across various financial domains, preparing them for real-world financial challenges.
NFLAT is open to students from Class 6 to Class 12 who are enrolled in schools affiliated with recognized educational boards in India. The test is structured into three categories: NFLAT Junior for Classes 6-8, NFLAT Intermediate for Classes 9-10, and NFLAT Senior for Classes 11-12. Participation is primarily facilitated through school registration, as individual registrations are generally not accepted.
Participants gain valuable knowledge in personal finance, including effective money management, understanding banking operations, insurance principles, investment strategies, and taxation basics. All students who participate receive an e-certificate based on their performance, with special merit and outstanding certificates awarded to those achieving higher scores. This test helps students develop critical life skills necessary to navigate the financial world effectively and responsibly.
The assessment is conducted online and is available in both English and Hindi, ensuring accessibility for a wider student base. It serves as a free and accessible tool for financial education, promoting awareness about various financial instruments and fostering responsible money management habits from a young age.
Eligibility
- Grade Level
- Class 6–12
- Age Range
- 11 - 18 years
- Location
- Nationwide
Academic requirement
Enrolled in a school affiliated with a recognized educational board in India
Prerequisites
- No specific prior financial knowledge is required, as the test aims to assess and improve foundational financial literacy.
Students from Class 6 to 12, aged 11-18, enrolled in any recognized Indian school are eligible. The test is open to all genders across India. Participation is primarily through school registration.
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Academic Details
Difficulty: Mixed Levels
What's covered
The syllabus covers Money Matters (Income, Expenditure, Budgeting), Banking (Deposits, Credit, Payments), Insurance (Risk and Reward), Investment (Stocks, Bonds, Mutual Funds), Pension (Retirement Planning), Financial Inclusion (Government Schemes), Taxation (Income Tax and GST), and Consumer Protection (Scams, Frauds, and Role of Regulators). The difficulty level is adjusted for NFLAT Junior (Classes 6-8), NFLAT Intermediate (Classes 9-10), and NFLAT Senior (Classes 11-12).
Rewards & Recognition
Award
E-gift cards for winners
E-gift cards are awarded to national and zonal winners. Specific amounts are not publicly disclosed.
Certificate
E-Certificates from NCFE & NISM
All participating students receive an e-certificate. Merit certificates are awarded to students scoring above 50%, and outstanding certificates for scores above 85%. These certificates are nationally recognized.
Recognized by
Opens doors to
Demonstrates proactive engagement in financial education, beneficial for higher studies in commerce, economics, and management, enhancing academic profiles.
Recognition
National Recognition
Skills your child builds
Highlights
- Globally one of the largest free annual financial literacy tests for school students.
- Structured into three categories based on class levels (Junior, Intermediate, Senior).
- Promotes financial literacy as a core life skill for informed decision-making.
- Supported by financial sector regulators like RBI, SEBI, IRDAI, and PFRDA.
Exam format
- Total marks
- 75
- Duration
- 60 minutes
- Format
- Multiple Choice Questions (MCQ)
- Language
- English, Hindi
Rounds & format
The NFLAT is a single-round online examination. Students will attempt 75 multiple-choice questions within a 1-hour duration. The test is available in both English and Hindi.
How entries are judged
Students are evaluated based on their scores in the multiple-choice question test. Merit certificates are awarded for scores above 50%, and outstanding certificates for scores above 85%. Negative marking of 25% applies for wrongly attempted questions.
Selection process
Selection for certificates and e-gift cards is based on the student's performance in the online assessment, with specific score thresholds for merit and outstanding categories, and top performers at national and zonal levels receiving e-gift cards.
How to apply
- 1Schools register online for NFLAT.
- 2Schools upload details of interested students using a provided User ID and Password.
- 3Schools enroll students by selecting a date and time slot for the online test.
- 4Students take the online test at their school using a unique User ID and Password.
How to prepare
- NCFE website study materials
- Financial Education Video Series by NCFE
- Pocket Money Workbook
- Reading daily newspapers for current affairs
- NCFE NFLAT Mock Test Series
Fees & financial support
Fee details
The National Financial Literacy Assessment Test (NFLAT) is completely free of cost for all participating students.
Refund policy
N/A as there is no fee.
Frequently asked questions
What is the last date to register for National Financial Literacy Assessment Test (NFLAT) for Indian Students?
The registration deadline is 31 May 2026.
Is National Financial Literacy Assessment Test (NFLAT) for Indian Students free?
This opportunity is free to participate in.
Who can participate in National Financial Literacy Assessment Test (NFLAT) for Indian Students?
Students in Class 6–12. children aged 11-18.
What will my child gain from National Financial Literacy Assessment Test (NFLAT) for Indian Students?
E-certificates for all participants from NCFE and NISM.. Merit and Outstanding e-certificates for high-achieving students.. E-gift cards for national and zonal winners.. Develops essential financial literacy skills for lifelong money management.. Enhances understanding of banking, investments, insurance, and budgeting..
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