With rapid globalization and liberalization of the world economy, it is imperative to have an in-depth understanding and knowledge about the financial and banking sectors and their responses to the ceaselessly changing economic trends. Financial Planning education has become the need of the hour because it educates an individual about the various financial options at his disposal and guides him to take well calculated decisions. Moreover financial education is a must to improve the financial capability of any individual who influences the community and the society he lives in with the financial decisions he takes for himself as well as for others. With increasing number of financial institutions and various financial products available today policy makers have realized how important it is to design, assess, and analyze the effectiveness of financial planning education programmes in our country today.