Financial Literacy Week inaugurated

Staff correspondent

Shillong, June 4: Financial Literacy Week 2018 on the theme ‘Consumer Protection’ being observed by the Reserve Bank of India was inaugurated here on Monday at the Conference Hall of Reserve Bank of India, Shillong. With the aim of furthering financial literacy and creating awareness on key financial topics, the Reserve Bank of India is observing Financial Week from June 4 to June 8 to create awareness among the consumers of financial services about their rights, responsibilities, good practices and resolution mechanism in a fast changing digital financial landscape.

The focus during the Financial Literacy Week will be on four related themes, for which the content has been developed by RBI. The themes that will form the core of the Financial Literacy Week on consumer protection will largely focus on, knowing ones liability for unauthorized electronic banking transaction, banking ombudsman an easy mechanism for complaints redressal, good practices for a safe digital banking experience and risk and return the right mix.

The activities during the week will involve display of financial literacy material in bank branches, ATMs and bank websites and conduct of financial literacy campaigns through the Financial Literacy Centers of banks.

The inaugural function was attended by senior representatives of banks and officials of RBI.