DigiLocker Better Than Life Insurance?🤔
Hello!!
Just want to pop in for a quick check like a responsible didi, so tell me:
What I was up to: This week, I am proud of myself for accomplishing the impossible: reading a book while having a demanding job and being a mom to a toddler in his terrible twos, haha! I am reading a suspense thriller called Kill For Me Kill For You, and I kinda like it so far! No points for guessing what inspired this emailer LOL!
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Market ka haal: Volatility can officially be a registered middle name for the Indian Stock Market because Sensex and Nifty have fluctuated SO MUCH due to a combination of global uncertainties and domestic factors. 📉 On April 16, Sensex declined by 456.10 points (0.62%) to close at 72,943.68, while Nifty dropped 124.60 points (0.56%) to settle at 22,147.90. This marked the third consecutive day of losses, influenced by escalating geopolitical tensions in the Middle East and concerns over potential delays in U.S. interest rate cuts due to stronger-than-expected retail sales data. 📊
Despite these challenges, domestic institutional investors have continued to support the market, offsetting some of the outflows from foreign investors. So, I think "Resilience" could be a good middle name too! Stock market experts say that India's focus on domestic economic growth and relatively insulated market position could attract more foreign capital as global uncertainties persist.😉
Humara Gyaan: When we lose someone we love, every minute feels heavier than the last. I hope you never have to experience it, but grief consumes our thoughts and leaves an unbridgeable hole in our souls while urgent paperwork waits at the door. Insurance forms, bank statements, and property deeds. Families often find themselves lost in numerous bureaucratic tasks with confusing requirements.
Just like life insurance, I think DigiLocker is a blessing that could potentially lift some of this unseen weight by turning frantic document hunts into a few simple clicks, giving grieving families the space to honour memories instead of having to deal with paperwork. Of course not better than life insurance, duh! But here are a few good things about it:
SEBI‑Backed Issuer Partnership💼 The Securities and Exchange Board of India has partnered with DigiLocker to require all asset management companies, registrars, transfer agents, and recognised depositories to register as issuers on the platform. This guarantees that mutual fund statements, demat account records, and consolidated account statements (CAS) are published directly in DigiLocker. Your family gains transparent, foolproof access to every investment without having to track down individual institutions.
Auto‑Fetch CAS 📅 Every January 1st, DigiLocker reaches out to depositories and asset managers to pull your latest Consolidated Account Statement (CAS), allowing your mutual fund and demat holdings statement to land automatically in your vault without you lifting a finger. The Central Depository Services Limited (CDSL) confirms that registered users can fetch both CAS and transaction/holding statements on demand, covering the past 12 months, at any time.
Legally Valid Originals 🔏DigiLocker‑issued documents carry the same weight as paper originals under Section 9A of the IT Act 2000. You don’t need to print or notarize anything. Government agencies, banks, the police, and courts must accept these digital certificates straight from your locker.
Automated Nominee Alerts and Read-Only Access 👀 The moment death is officially recorded, DigiLocker verifies it with government registries. Your chosen nominee receives an email and an SMS within minutes, getting view‑only access to all financial records without affidavits or court orders, helping them locate and transfer the deceased's assets to the rightful legal heirs, preventing unclaimed assets.
Visit the official DigiLocker website to sign up if you haven’t already.
Like what you’re reading? Please share this with your friends and have them sign up too!
Life’s freaking unpredictable… unlike the results of some IPL matches lately, I won’t name the names for obvious reasons. Anyway, I know that none of us like to talk, think about, or prepare for death. Some of you might even think it’s inauspicious. But “Someone’s sitting in the shade today because someone planted a tree a long time ago.” Be that person and do this for yourself and your family
Here’s to planting more thoughtful trees🍻
Niyati❤️