Multiply India - Information on Financial Planning

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Why Are Financial Records Important?

Financial records are important because they are used as:

Identity proof
Address proof
Proof of ownership
As ID for getting benefits from government schemes

Your financial records must be:

Up-to-date
Kept in a safe place
Kept together
Kept in a place you can find easily

Keeping financial records updated and in a safe place, together will help in:

Staying organised
Faster decision making
Keeping track of income and expenses

Now you know why these documents are important. Be sure to keep them safe!

Let's learn more about some important financial records