• Vijay Laxmi
• Dr.Nardeep Kumar Maheshwary

Women in the present era , are getting employed in various work fields . They have to take financial decisions regarding saving, investing, budgeting and borrowing. Knowledge of financial concepts, fixed income and variable income investment options, basic numeracy is required for informed financial decisions. This paper aims at finding the level of financial literacy among women employed in different work sectors in urban Punjab. Present level of Financial literacy depends on knowledge of financial products and services and putting that knowledge in practice and action. For this purpose, action component of Financial literacy is classified in to 'high', 'low' and 'no' financial literacy and financial competency has been found for basic financial numeric skills. financial literacy for fixed income investment options has been found 69.8% and 34.6% women are found financially literate for Variable income investment modes. Association of overall financial numeric skills possessed by working women has been found with socio demographic profile of women. Association is calculated by using chi square test for independence. Significant results are found for association of financial numeric skills with education , work area, decision making and there is no significant association found between overall numeric skills and type of family, income, districts, age, marital status and work experience. working women usually prefer safe investment modes . Even after the financial knowledge of investment modes very few invest in risky securities. Therefore a wide gap is found between financial knowledge and financial literacy. various information sources imparting financial knowledge has also been discussed. Family members/ Friends / Relatives and newspaper are the most commonly used information source by 82.8% and 70.2% women respectively.

Keywords: Financial literacy, Socio- economic and demographic factors, Numeric skills, Fixed and variable investment options

"LEVEL OF FINANCIAL LITERACY AMONG WOMEN WORKING IN DIFFERENT WORK SECTORS IN URBAN PUNJAB", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 5, page no.399-407, May-2019, Available :http://www.jetir.org/papers/JETIR1905N59.pdf

"LEVEL OF FINANCIAL LITERACY AMONG WOMEN WORKING IN DIFFERENT WORK SECTORS IN URBAN PUNJAB", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 5, page no. pp399-407, May-2019, Available at : http://www.jetir.org/papers/JETIR1905N59.pdf