Basic Financial Literacy Course

Name: Introduction To Basic Financial Literacy Course | Henry Harvin
Uploaded: 2023-08-01 17:52:45
Description: Gain basic financial literacy from Henry Harvin®'s course | Learn about Bank and its operations, Net Interest Margin, and many more concepts related to banking operations | Get a broad understanding of the Financial Market, Government Schemes, Know Your Customer, and many more | Practice on FDI & FPI modules to get a deep understanding of these concepts

Module 1: Structure of Banking in India
Understand the functions and operations of banks in India, including their role as financial intermediaries and providers of various banking services. Learn about the components of a bank's balance sheet, distinguishing between assets and liabilities, and their significance in assessing the financial health of a bank. Explore the concept of Net Interest Margin (NIM) as a key financial metric used to measure a bank's profitability and efficiency in managing its interest-earning assets and interest-bearing liabilities.
- Bank and its operations
- Assets and liabilities
- Net Interest Margin
- Small Savings Scheme
Module 2: Types of Banking
Understand the various types of banking models, including branch banking, para banking, universal banking, narrow banking, shadow banking, and unit banking. Learn about the differences and specific characteristics of retail banking, wholesale banking, virtual banking, chain banking, offshore banking, green banking, merchant banking, and neo banking. Explore the advantages and challenges associated with each type of banking and their roles in catering to diverse customer needs and preferences.
- Branch Banking
- Para Banking
- Universal Banking
- Narrow Banking
- Shadow Banking
- Unit Banking
- Retail Banking
- Wholesale Banking
- Virtual Banking
- Chain Banking
- Offshore banking
- Green banking
- Merchant banking
- Neo Banking
Module 3: Financial Market
Understand the distinction between money market and capital market and their respective functions in the financial system. Explore the key characteristics and instruments traded in the money market, including treasury bills, commercial paper, and certificates of deposit. Learn about the concept of bill discounting, its role in short-term financing, and how it benefits businesses and financial institutions.
- Money market
- Capital market
- Bill discounting:
Module 4: Payments and Settlement Systems in India
Understand the functioning and significance of UPI (Unified Payment Interface) as a digital payment system in India. Learn about the Real-Time Gross Settlement (RTGS) system and its role in facilitating high-value and time-sensitive fund transfers. Explore the features and benefits of Immediate Payment Service (IMPS) for real-time interbank electronic fund transfers, including its accessibility and interoperability.
- UPI (Unified Payment Interface)
- RTGS
- IMPS
Module 5: Government Schemes
Understand the objectives and scope of various government schemes in the banking sector. Learn about the eligibility criteria and target beneficiaries of each scheme. Explore the benefits and financial services provided under the Pradhan Mantri Jan Dhan Yojana, Pradhan Mantri MUDRA Yojana, Kisan Credit Card, and Small Savings Scheme. Analyze the impact and effectiveness of these government schemes in promoting financial inclusion and socio-economic development.
- Pradhan Mantri Jan Dhan Yojana
- Pradhan Mantri MUDRA Yojana
- Kisan Credit Card
- Small Savings Scheme
Module 6: Know Your Customer
Understand the importance of Know Your Customer (KYC) in the banking and financial industry as a critical risk management and compliance process. Learn about the key components of KYC, including customer identification, verification, and due diligence procedures. Explore the role of technology and digital solutions in enhancing KYC processes and ensuring regulatory compliance.
- Introduction to Know Your Customer (KYC) in Banking
- KYC Process and Customer Identification
- Technology and Innovations in KYC Compliance
Module 7: Priority Sector Lending
Understand the significance of Priority Sector Lending (PSL) in promoting inclusive growth. Learn about the subsectors under PSL, such as agriculture and MSMEs, and their lending targets. Explore the role of banks in fulfilling their PSL obligations and supporting priority sector borrowers. Gain insights into Priority Sector Lending Certificates (PLSCs) as a mechanism for meeting PSL targets efficiently.
- Priority Sector Lending
- Agriculture (18% of ANBC)
- MSME (7.5% of ANBC)
- PLSC (Priority Sector Lending Certificates)
Module 8: FDI &FPI
Understand the concepts of Foreign Direct Investment (FDI) and Foreign Portfolio Investment (FPI) as crucial components of foreign capital inflows into a country's economy. Learn about the key characteristics, sources, and purposes of FDI and FPI, and their implications for host countries and investors. Explore the differences between FDI and FPI in terms of investment types, control, duration, and impact on the recipient country's economy.
- Foreign Direct Investment
- Foreign Portfolio Investment
- Difference Between FDI and FPI
Module 9: Technologies and Codes used in Banking
Understand the purpose and functioning of Magnetic Ink Character Recognition (MICR) technology and its application in processing cheques and other banking documents. Learn about the significance and usage of IFSC (Indian Financial System Code) and SWIFT (Society for Worldwide Interbank Financial Telecommunication) codes in facilitating secure and efficient domestic and international fund transfers. Explore the role of Unstructured Supplementary Service Data (USSD), Query Service of AADHAAR Mapper (QSAM), and *99# in providing convenient and accessible mobile banking services to customers.
- MICR (Magnetic Ink Character Recognition)
- IFSC Code
- SWIFT Code
- Unstructured Supplementary Service Data (USSD)
- Query Service of AADHAAR Mapper (QSAM)
- *99#
Module 10: Loans and Advances
Understand the types of loans and advances provided by banks. Learn about the indices used to determine loan interest rates. Explore special categories and exemptions, including Differential Rate of Interest (DRI) and other concessions.
- Loans and Advances
- Index for loans
- The Exception Category
- Differential Rate of Interest (DRI)
- Other exemptions
Module 11: Financial Instruments
Understand the significance of the Negotiable Instruments Act, 1881, in governing financial transactions. Learn about the characteristics and uses of financial instruments, including bills of exchange, promissory notes, cheques, and demand drafts. Explore the features and benefits of the Cheque Truncation System (CTS-2010) for secure and efficient cheque processing.
- Negotiable Instrument Act, 1881
- Bill of Exchange
- Promissory Note
- Cheques and its Types
- About Demand draft
- Cheque vs Demand Draft
- CTS – 2010

Basic Financial Literacy Training Course

30 Dec 2024

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Basic Financial Literacy Course

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Curriculum For Basic Financial Literacy Course

Module 1: Structure of Banking in India

Module 2: Types of Banking

Module 3: Financial Market

Module 4: Payments and Settlement Systems in India

Module 5: Government Schemes

Module 6: Know Your Customer

Module 7: Priority Sector Lending

Module 8: FDI &FPI

Module 9: Technologies and Codes used in Banking

Module 10: Loans and Advances

Module 11: Financial Instruments

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