Financial exclusion is a universal phenomenon; estimates show that 2.3 billion working-age adults do not have an account at any formal financial institution. Surprising fact is only 40 per cent of India’s total population has access to formal banking channels, and the problem is severe when one looks at the rural India, where only 5 per cent have a physical branch. This undoubtedly claims the level of financial education in rural India is deprived. This case is an attempt to introspect the effect of the financial education programmes carried by GOI to boost financial inclusion among rural youth. The case aims at analysing Annual Financial Inclusion Index (FII) released by Ministry of Finance on three measurement dimensions; i) Access to financial services. ii) Usage of financial services. iii) Quality. It tries to look at the impact of financial education on financial inclusion. It seeks to reason out the causes responsible for the slow percolation of the growth benefits to the rural group while looking for appropriate solutions. India Post Payments Bank (IPPB) is mandated to accelerate the pace of financial inclusion. It is worth to appraise if this initiative has perceived potential as per various stakeholders. The study was conducted using a structured questionnaire and or focus group. Respondents are youth with rural background and also the stakeholders like experts & post employees. Secondary data from websites, documents, journals, RBI bulletin, reports and research papers were collected. This case also tries to look into different aspects of financial education in India and tries to dig the reasons for its low impact. It will also try to provide an appropriate model that would be accommodating for present rural Indian conditions.