Happy Diwali !!

Wish you and your family a very happy and prosperous Diwali. "Financial Planning is important but it is imperative that your family is aware about it." This Diwali, gift your family the knowledge regarding the financial planning that you have done for them. To help you with that, we have come up with this document. Details follow.

Every one of us does financial planning for our family members and dependents but one big question is how often the family members are aware about your financial planning. In most of the cases they are not.*

As per a recent Government report, approx. Rs.32,000 crores are lying with Indian banks & Insurance companies as unclaimed deposits. Imagine saving this money for your close ones but it ending up being no good to them.

In today’s digital era, people hold a diversified range of financial products like MF, FD, RD, Insurance, PF, PPF, NPS and the list may go on and on. Hence it is vital to list all the details periodically so that your dependents can refer the same in case of an emergency or when you are not around.

We have compiled this document which one must fill and update periodically. This document contains a detailed checklist highlighting all the financial and non-financial information that your family should know about. We hope that the document shall help you keep your family members and dependents informed.

Yours Faithfully,

CA Prateek Darak

M/s. Balaji Darak & Associates

Chartered Accountants

What my Family Should Know by Ms. Balaji

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