Financial Literacy refers to the essential knowledge on finance and required skills to obtain and manage the income and other sources of finance. To make a solid and best financial decision, he might have good financial capabilities. Past studies reveal that India is in the level of poor on Financial Literacy. The surveys conducted earlier by the researchers, scholars and institutions provide the data that less number of youth, students only have the financial knowledge to manage the money. According to Standard & Poor’s global financial literacy survey India which ranks second of the world’s population almost 76% of its adult population haven’t aware of fundamental financial concepts. Recent years, the Government of India through its various agencies like RBI, SEBI, NABARD, State Bank of India, etc have been trying to provide financial Education and financial literacy to its citizens in the last few years. Without making the people financially educated, the dream of making India –Digital Economy and Cashless cannot be fulfilled.  Considering these facts, it is very essential to make sufficient interventions to educate the adults especially school students, college and university students in the matters related to finance in order to equip their financial skills entire life by making best and opt financial decision. This paper focuses on the review of past studies made on Financial Literacy. This present study covers the literature on Financial literacy, Financial Education, determinants of financial literacy, financial inclusion, financial- knowledge, Attitude& Behavior, Financial management.

Keywords: Financial Literacy, Financial-Knowledge, Attitude & Behavior, Financial Education, Financial Inclusion, Determinants of Financial Literacy, Parental and Peer Influence on Financial Literacy.