The need to comprehend money and finances has increased in the modern era due to the fast expansion and complexity of the world’s financial systems. It is challenging for ordinary people to make informed financial decisions due to the rapid advancements and constant evolution of technology in the financial sector. For this reason, having financial skills and knowledge—which can be obtained through financial education—is essential. To prevent people from making financial mistakes and maintain financial stability in the country, financial proficiency is crucial. To accomplish the mission of financial inclusion, the Reserve Bank of India (RBI) and other economic regulators in India undertake several financial education campaigns. This paper represents a modest attempt to examine the conceptual underpinnings of the RBI’s financial literacy initiatives and to highlight the initiatives led by NCFE for promoting financial literacy, as this needs widespread dissemination. Furthermore, an attempt has been made to recognize the vision and strategies outlined in the National Strategy for Financial Education 2020–25.