• Vikas

This paper discusses the risk of such a relationship, or retirement planning and investment decisions in India, particularly regarding the government-sponsored schemes such as the National Pension System (NPS) and the Atal Pension Yojana (APY). Being financially literate will enable an individual to make good savings regarding their investment in retirement, as well as staying safe in their later years. Pulls data based on government reports, the amount that people are depositing, the size of assets under management (AUM), and the number of subscribers that have increased between 2019 and 2022. The findings demonstrate that financial education enhances response towards formal retirement plans. The number of NPS signups surged dramatically, particularly in central government employees and in those states where the money consciousness remained relatively strong. Nonetheless, the report also mentions significant regional variations - some of the states have significantly less participation in retirement programmes. The analysis notes that to bridge the literacy gap and have people think long-term they must develop special financial education specifically in rural and underserved communities. Generally, the enhanced financial literacy levels, on all levels, will not only put more people into savings plans but also ensure the ageing population of India will have money at their disposal enabling the assimilation of a retirement planning culture.

Financial Literacy, Retirement Planning, NPS, Investment Decisions.

"THE IMPACT OF FINANCIAL LITERACY ON RETIREMENT PLANNING AND INVESTMENT DECISIONS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 7, page no.k263-k272, July-2023, Available :http://www.jetir.org/papers/JETIR2307A35.pdf

"THE IMPACT OF FINANCIAL LITERACY ON RETIREMENT PLANNING AND INVESTMENT DECISIONS", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 7, page no. ppk263-k272, July-2023, Available at : http://www.jetir.org/papers/JETIR2307A35.pdf