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

Deadline: Deadline: Always Open22-Nov-2016
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AwardCash prize of Rs 35000, shield/trophy, certificate, medals, laptops/tablet/kindle
EligibilityClass 6 to 10
RegionAll India
Scholarship provider contact details

National Institute of Securities Markets,
NISM Bhavan,
Plot No. 82,
Sector - 17,
Navi Mumbai
Phone: 02266735100, 02266735101, 02266735102, 02266734600, 02266734601, 02266734602

What is National Financial literacy Assessment Test (NCFE-NFLAT) 2016-17?

National Centre for Financial Education is inviting applications for National Financial Literacy Assessment Test (NCFE-NFLAT).

The main aim of the test is to measure financial awareness among school students and to give them basic financial skills for their full participation in the society.

The topics for the test will be 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.

Important Dates:


Online Test

Registration opens on

15th October, 2016

Registration closes on

22nd November, 2016

First Level-Examination Date

25th November - 7th January, 2017*

Second Level-Regional & National Competition

1st February 2017 to 28th February 2017

Who can apply for this scholarship ?

Students of class 6 to 10 are eligible to apply.

How can you apply ?

At first, the school will register themselves and then student registration takes place.

Terms and Conditions

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 Online test shall be conducted between 25 November 2016 – 7 January 2017.
  • The Online test shall be available regularly in different slots and timings. 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 Jr. to meet their cost towards 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.


For School and Students (Offline and Online)

National Winners

(School and Students)

School Winners

Cash reward of Rs. 35,000 and a Shield/Trophy

Student Winners

Certificates, Medals & Laptops.

Regional Winners

(School and Students)

School Winners

Cash reward of Rs. 25,000 and a Shield/Trophy

Student Winners

Certificates, Medals & Tablets/Kindles

Special Recognition

(School and Students)


All students who have appeared in the second round but failed to advance to the next shall be felicitated with a Certificate and Cash Rewards/Gift vouchers categorized as Certificate of Special Recognition and their respective schools would be felicitated with a Shield.


Certificate of Participation

All the remaining students participating in the test (NFLAT Jr. and NFLAT)

To be eligible for Second Round of Competition, school must have at least 200 students participated in the NFLAT Test 2016-17 (NFLAT & NFLAT Jr.)

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