What Are the Different Types of Investment Documents?

What Are the Different Types of Investment Documents?

1. PPF Passbook

It is a passbook that the bank gives you when you open a PPF account. It has details like your PPF account number and account balance. It can be used to track investment transactions.

2. Copy of your Will/ or the Will that has given you a right of inheritance

This will have information about your inheritance or about what will happen to your property after your death. It will avoid false claims by relatives and others over your property. It will avoid family disputes over property matters. Keep the Will in two safe places to avoid damage, loss or theft.

3. National Savings Certificate (NSC)

This certificate is a proof of your investment.
It will help you get some services like loans from your bank.
The bank will keep the NSC as a guarantee when it gives you a loan.

Pro Tip

To find out more about what each of these investments are and to learn how to invest your money in them, go here.

You will read about not just these above types of investments, but also about others that will help your money grow safely.

Points to remember:

Here are some key takeaways from this section that you should remember.

Investment documents are proof of your savings.
They help in getting services like loans from the banks.
Some important investment documents that you must keep safely are PPF passbook, EPF and ITR acknowledgement receipt , demat account papers, Will and NSC.

Learn about other financial records too so that you can ensure you have all your documents ready.

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