B.Com. (Banking and Insurance) Financial Literacy Syllabus - Mumbai University
This is the Fourth Year BBI Honours syllabus under NEP 2020, in force from the academic year 2026-27. The fourth year is new in 2026-27, and the University runs it as two separate courses: Honours, and Honours with Research.
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Syllabus for Financial Literacy
Module I: Financial Products
- Introduction to Saving, Management of spending and financial discipline, Banking products and services,5Cs for Credit: (Character, Capacity, Collateral, Capital and Conditions), Credit Information Organizations and Credit Score.
- Investment Opportunity and Financial Products, Insurance: Life and Non-Life Insurance including Medical Insurance Scheme. Power of Compounding and Rule of 72 Concept of Risk and Return National Pension System and Retirement Planning Estate Planning, importance of nomination, Will and Power of Attorney
Module II: Financial Planning and Management
- Financial Planning – Meaning, Process and Importance, SMART Financial Goals, Budgeting, Financial Planning Types (Investment Planning, Tax Planning, Retirement Planning and Estate Planning)
- Financial Frauds: Investment Frauds, Lottery Frauds, Marketing Frauds, Credit Card Frauds Government Scheme for various savings, investment options, Case Studies on Financial Frauds in India
Module III: Financial Services from Post Office and Insurance Services
- Post office Savings Schemes: Savings account - Recurring deposit -Term Deposit - Monthly Income Scheme - Kisan Vikas Patra – NSC – PPF - Senior Citizen Savings Scheme - Sukanya Samriddhi Yojana/Account - Indian Post Payments Bank - Money Transfer - Money Order.
- Insurance Services: Life Insurance – Life Insurance Policies - Term Insurance and Endowment Policies - Pension Policies - Health Insurance Plans – ULIP - Property Insurance - General Insurance - Types, Postal Life Insurance Schemes- Housing Loans - Institutions providing Housing Loans, Pradhan Mantri Awas Yojana: Rural and Urban.
Module IV: Personal Tax & Valuation
- Introduction to basic Tax Structure in India for personal taxation, Aspects of Personal tax planning, Exemptions and deductions for individuals, e-filing
- Time Value of Money, Present Value, Internal Rate of Return, Bonds Returns, Returns from Stocks, Annuity Techniques of Discounting
Reference Books
- Introduction to Financial Planning- Indian Institute of Banking & Finance
- Financial Planning: A Ready Reckoner, Tata McGraw Hill
- NISM Certification Material
- Financial Management: Principles and Applications, by Prasanna Chandra
Reproduced from the University of Mumbai syllabus for B.Com. (Banking & Insurance) under NEP 2020, in force from the academic year 2026-27. Wording is as printed in that syllabus. Module numbering is as printed there too.
The complete syllabus
This subject is cut from the University circular for its year. Open a document here if you want the whole thing rather than a single subject.