• Pooja Manchanda
• Dr. Sunita Sukhija

Financial literacy has become important these days in India, as variety of new financial products are available in the market and it is difficult for common man to understand the risks and returns related with these financial products without sufficient financial literacy and knowledge. Financial literacy is the main tool for financial inclusion of women in India. Women these days are well educated and get best job offers with good pay packages and always do for the well being of their families Most of the women have lower risk propensity than men towards financial risk. Despite of basic education women lack in knowledge regarding management of money and variety of factors affecting financial literacy should be considered altogether to observe their significant influence so that after considering all the factors easy transmission of financial literacy and knowledge can be possible. Among major factors include Socio-economic and Demographic factors such as age, gender, education, experience, Income, Profession, Nature of employment, family background, status and its type, wealth factors impacts individuals financial literacy levels and its dimensions. (Financial Knowledge, Financial attitude and financial behaviour). An attempt has been made in this paper to gather information from previous research published worldwide to elaborate views regarding factors that will influence financial literacy. Earlier researches depict the effect of socio-demographic and psychosocial factors. This paper focuses on the basic background of factors influencing financial literacy on the basis of reviews from recent studies.

financial literacy, financial decision making, literature reviews, socio-demographic factors and psychosocial factors

"A Study on Factors affecting Financial Literacy among Working Women in Punjab", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 1, page no.650-657, January-2019, Available :http://www.jetir.org/papers/JETIR1901B85.pdf

"A Study on Factors affecting Financial Literacy among Working Women in Punjab", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 1, page no. pp650-657, January-2019, Available at : http://www.jetir.org/papers/JETIR1901B85.pdf