Mumbai, July 23, 2021: The National Payments Corporation of India (NPCI) and Central Board of Secondary Education (CBSE) have joined hands to introduce a financial literacy curriculum for students of Class VI.
They have just released a textbook for an elective subject on Financial Literacy.
The textbook covers crucial topics starting from teamwork and basic financial concepts to Banking, Security, and modes of Digital Payments such as UPI, Cards, Wallets, and more. It entails the origin of banking, the transition from coins to paper money, types of banks and major operations and services carried out by banks..
From core concepts like currency, banking, savings, and investments to advanced concepts and jargon like IMPS, UPI, USSD, NACH, PoS, mPoS, QR Codes, and ATMs, this book covers all that a child might find very useful in a later stage in their life. Building upon the context of modes of digital payments, the book elaborates the role of UIDAI and the importance of Aadhaar, and Aadhaar Enabled Payment System (AePS).
The matter appears to be rather complex for a child in class six – typically around 10 years of age – but it is an excellent introduction of new digital payments mechanisms for adults too.
For more details and a downloadable copy of the book in PDF, visit our e-learning section