National Financial Literacy Assessment Test (NCFE-NFLAT) 2016-17

Posted in on November 12, 2016

National Center for Financial Education

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Description :

National Center for Financial Education, NCFE’s National Financial Literacy Assessment Test (NCFE-NFLAT) is a step in that direction. This is a first of its kind national level test, conducted by the National Centre for Financial Education (NCFE), to measure the level of financial awareness among school students. Through this test NCFE aims to encourage school students to obtain basic financial skills which are essential for their full participation in society.

This year the target participants are school students of Class VI to X, NCFE-NFLAT would assess their knowledge on topics such as Money, Savings, Banking, Budgeting, Insurance, Investment, Retirement planning, etc. The test shall be conducted online (within the School) and offline (Pen & Paper) mode across the country, both in English and Hindi.

NCFE-NFLAT was launched in the year 2013-14 by the NCFE which is setup as part of NISM, with support from all financial sector regulators i.e. RBI, SEBI, IRDAI & PFRDA for implementation of the National Strategy for Financial Education (NSFE).

Student registration through School only

  • The school has to register itself online first. Subsequent to the school registration, details of the students interested in the test need to be added/ uploaded by the school irrespective of the mode of examination being online or offline.
  • The test registration period shall be from 15th October, 2016 to 22nd November, 2016

Two-pronged approach for NFLAT 2016-17

  • For 2016-17 the NFLAT shall be conducted for students from Class 6th to 10th Standard.
  • NFLAT Jr. 2016-17:This test will be conducted for students of 6th to 8th Standard
  • NFLAT 2016-17:This test will be conducted for students of 9th and 10th Standard

NFLAT Test is available in Online (within school) or Offline (Pen & Paper) Mode

Online Test

  • The NFLAT and NFLAT Jr. test shall be conducted in the respective schools. The schools having adequate IT Infrastructure and internet connectivity shall be allowed to conduct the test at their premises.
  • The Online test shall be conducted over a period of 44 days i.e. 25 November 2016 – 7 January, 2017.
  • The Online test shall be available regularly in different slots and timings for the period of 44 days. The school has to invigilate the online test for their own students and any assistance required for the online test shall be provided by NCFE/NISM Team.
  • The schools opting for the Online test shall be paid a fixed incentive of Rs.10 per slot per student (appeared, not registered) for both NFLAT and NFLAT meet their cost toward student’s infrastructure.
  • After completion of registration, the school shall be provided with an option to select slot & date of their choice for conducting the test in their premises. Any changes/alteration in the dates, slot timings may be considered subject to availability of the same.
  • The school shall update students with the test date and time, well in advance.

Offline Test

  • The Offline test shall be conducted in pen and paper mode only. However, the schools have to comply with the registration process online.
  • The schools shall be provided with OMR sheets and Question papers for the test (NFLAT and NFLAT Jr).
  • The Offline test shall be available from 1 December 2016 to 10 December 2016 (10 days).
  • The respective school shall conduct the test under its invigilation within the given period (1 December 2016 to 10 December 2016) and send back the answered OMR sheets to NISM by or before 20 December 2016. OMR sheets received after 20 December 2016 shall not be considered.
    The OMR sheets shall be sent to the following address:
    National Institute of Securities Markets,
    NISM Bhavan, Plot No. 82,
    Sector – 17, Vashi,
    Navi Mumbai
    Maharashtra 400 703
    Phone no:- 022 6673 5100- 02
  • NCFE’s decision in this regard shall be final and binding on all the participants.

Important Dates:

  Online Test Offline Test
Registration opens on 15th October, 2016 15th October, 2016
Registration closes on 22nd November, 2016 22nd November, 2016
First Level-Examination Date 25th November – 7th January, 2017* 1st December – 10 December, 2016**
Second Level-Regional & National Competition 1st February 2017 to 28th February 2017


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