Name: Deepika Jindal
Country: India

Year: 2025
Volume: Volume-12, Issue-2 (July-December)
Page Number: 70-78
DOI: https://doi.org/10.5281/zenodo.17173463

ABSTRACT
This study provides a comprehensive overview of the financial literacy levels and behaviors
among college students, highlighting both strengths and areas requiring attention. The
findings indicate a moderate understanding of financial concepts, with students
demonstrating awareness in areas such as loan approval criteria and the risks associated with
informal borrowing. However, significant gaps persist in understanding investment
instruments, liquidity, and the implications of financial decisions. This study examines
financial literacy level among students of Government College, Amargarh (District
Malerkotla) in Punjab. A total of 93 students from students of Government College,
Amargarh participated in this study. The study used convenience sampling technique to select
the students for this study. This study examines the financial literacy levels of students, the
key determinants of financial literacy, and the means to improve financial knowledge. It also
explores how a student's level of financial literacy influences their financial opinions,
decision-making, and practices. The study finds that gender, work experience, education,
income, family characteristics, and place of residence are significant determinants of
financial literacy among students. The results further show that students with higher levels of
financial literacy are more likely to hold informed financial opinions, make better financial
decisions, and demonstrate sound financial management practices.
Keywords: financial literacy, saving, investment, insurance, financial behavior.