Financial literacy is the basic skills, ability and knowledge required to effectively and efficiently manage the personal finance. The study assessed the financial literacy of the 200 respondents of Mizoram and its association with various demographic variables was analysed. The result indicates that majority of the respondents possessed average financial literacy and the very less percentage of the respondents possess poor financial literacy. The findings of the study also show that financial literacy is affected by employment status of the respondents and is not affected by gender, age, income, educational qualification.