Finance Foundations : Indian Banking and Taxes

• Identify intricate dynamics of the Indian Financial Systems, functions of banks and their operations
• Classify various financial instruments, banking services, and their complexities
• Identify the processes of acquiring deposits, disbursing loans and functioning of the intricate monetary ecosystem.
• Identify Various categories of financial institution accounts and their prerequisites.
• Identify Credit Mechanisms and the role of Credit Reporting Agencies in credit rating
• Identify Indian Taxation system and various factors of tax payment.
• Demonstrate Tax Planning and navigating through the calculation of taxable income.
• Diagnose inflows and outflows of finances and assessing one's creditworthiness through the Credit Information Bureau India Limited (CIBIL).
• Compare the wide array of investment opportunities available to individuals looking to diversify and enhance their financial portfolios.

• Interpret functions of banks and their intricate operations within the Indian Financial Systems
• Discover the operations of banking products and accounts are conducted.
• Review process of Deposits, loans, records of transactions and the facilitation of monetary economy
• Illustrate the various categories of bank accounts, procedural intricacies involved in initiating the process of opening a bank account
• Interpret the Mechanisms of Credit Rating agencies in Credit Scores and the process.
• Interpret how Taxes are paid in India and revealing the fundamental reasons underlying the necessity of tax payment.
• Illustrate Tax Planning, the mechanisms behind Tax Planning.
• Paraphrase how Income and expenses are tracked through investments and to access the Credit Rating (CIBIL).
• Experiment with individuals’ financial portfolio offered by various investment opportunities ranging from traditional options to alternative investments.

The academic approach of the courses focuses on the “work-centric” education i.e. begin with work (and not from a book!), derive knowledge from work and apply that knowledge to make the work more wholesome, useful and delightful. The ultimate objective is to empower the Learner to engage in socially useful and productive work. It aims at leading the learner to his/her rewarding career as an employee or entrepreneur as well as development of the community to which s/he belongs. Learning methodology:

• Step -1: Learners are given an overview of the course and its connection to life and work.
• Step -2: Learners are exposed to the specific tool(s) used in the course through the various real-life applications of the tool(s).
• Step -3: Learners are acquainted with the careers and the hierarchy of roles they can perform at workplaces after attaining increasing levels of mastery over the tool(s).
• Step -4: Learners are acquainted with the architecture of the tool or tool map so as to appreciate various parts of the tool, their functions, utility and inter-relations.
• Step -5: Learners are exposed to simple application development methodology by using the tool at the beginner’s level.
• Step -6: Learners perform the differential skills related to the use of the tool to improve the given ready-made industry-standard outputs.
• Step -7: Learners are engaged in appreciation of real-life case studies developed by the experts.
• Step -8: Learners are encouraged to proceed from appreciation to imitation of the experts.
• Step -9: After the imitation experience, they are required to improve the expert’s outputs so that they proceed from mere imitation to emulation.
• Step-10: Emulation is taken a level further from working with differential skills towards the visualization and creation of a complete output according to the requirements provided. (Long Assignments)
• Step-11: Understanding the requirements, communicating one’s own thoughts and presenting are important skills required in facing an interview for securing a work order/job. For instilling these skills, learners are presented with various subject-specific technical as well as HR-oriented questions and encouraged to answer them.
• Step-12: Finally, they develop the integral skills involving optimal methods and best practices to produce useful outputs right from scratch, publish them in their ePortfolio and thereby proceed from emulation to self-expression, from self-expression to self-confidence and from self-confidence to self-reliance and self-esteem!

Evaluation Pattern of KLiC Courses consists of 4 Sections as per below table:

YCMOU Mark Sheet

Printed Mark Sheet will be issued by YCMOU on successful completion of Section 1, Section 2 and Section 3 and will be delivered to the learner by MKCL.
YCMOU Mark Sheet will be available only for Maharashtra jurisdiction learners

MKCL's KLiC Certificate

The certificate will be provided to the learner who will satisfy the below criteria:

1. Learners who have successfully completed above mentioned 3 Sections i.e. Section 1, Section 2 and Section 3
2. Additionally, learner should have completed Section 4 (i.e. Section 4 will comprise of SUPWs i.e. Socially Useful and Productive Work in form of Assignments)
   • Learner has to complete and upload minimum 2 out of 5 Assignments