Financial literacy camp held for armed forces personnel

The Reserve Bank of India (RBI), Shimla, in collaboration with the Jutogh Cantonment Board, Shimla, organised a financial literacy camp for armed forces personnel on November. The event, held at Jutogh, Shimla, aimed to enhance the financial awareness and literacy of the participants.

During the camp, the Army personnel were taught about essential topics such as budgeting, savings, investments, retirement planning, cybersecurity and fraud prevention.

Giving insights about the camp, RBI’s Regional Director Anupam Kishore said this initiative reflects the RBI’s commitment to promoting financial literacy. He said: “The RBI is committed to empowering all sections of society with the knowledge to better manage their finances. Through this initiative, our goal is to assist our armed forces personnel in understanding the basics of banking, investment options and planning for a secure future.”

Lieut Col Rahul Thapa appreciated the initiative and highlighted the importance of financial literacy.