Individuals who are financially literate have a positive attitude toward finance-related concerns, which include six essential components: saving, individual budget, economic issues, economic concepts, financial services, and investing. Individuals that are financially literate should comprehend basic financial terms such as rate of interest, annual inflation, interest charges, and risk. Financial education helps people gain financial literacy. Investor behavior is a key component in determining financial literacy. Several studies have defined financial literacy using various terminologies such as financial capacity, credit literacy, financial understanding, economic literacy, and financial education. Financial literacy includes one's attitude toward financial risk, knowledge of financial products, and financial aptitude. Researchers made serious efforts to investigate the operational components of financial literacy. Academics, government agencies, corporations, and policymakers, on the other hand, believe that financial literacy is an issue that needs more research