Commerce : Financial Literacy VAC Chapter Wise Notes

Unit I   Financial Planning and Financial products   ● Introduction to Saving   ● Time value of money   ● Management of spending and financial discipline

Unit II Banking and Digital Payment ● Banking products and services   ● Digitisation of financial transactions: Debit Cards (ATM Cards) and Credit Cards. Net banking and UPI, digital wallets ● Security and precautions against Ponzi schemes and online frauds

Unit III Investment Planning and Management ● Investment opportunity and financial products ● Insurance Planning: Life and non-life including medical insurance schemes

Unit IV Personal Tax ● Introduction to basic Tax Structure in India for personal taxation ● Aspects of Personal tax planning ● Exemptions and deductions for individuals ● e-filing