A Study of Financial Literacy among Working Women in Pune

Financial literacy means understanding of personal financial matters. It is ability to use knowledge and skills to manage financial resources effectively for a lifetime of financial well-being. Financial literacy making personal finance decisions in areas like real estate, insurance, investing, saving tax planning and retirement. It also involves intimate knowledge of financial concepts like compound interest, financial planning, the mechanics of a credit card, advantageous savings methods, consumer rights, time value of money, etc. Low level of financial literacy can lead to financial decisions that can have adverse effects on the financial health of an individual. The paper studies the level of financial literacy among working women in Pune region. The research also aimed at assessing the knowledge of females towards investment in various financial instruments. Thus the structured closed ended questionnaire was distributed among working women in Pune to judge the level of financial literacy.