Money Guidelines For Defence Personnel

The Risks

Your job is a duty that comes with a level of uncertainty rarely found in any other job.

The levels of risk are higher for you - which means you have to prepare for any eventuality.


You need to take financial precautions and have a “go bag” - emergency requirements for a rainy day.

Your family should know the whereabouts of your money and financial documents.

Bank Accounts & Deposits

Maintain a list of all bank account numbers, balances & nomination details.

Ensure to add a nominee to each of your accounts. Keep bank IDs & passwords accessible to family.

Investment Accounts

Make a list of all investment accounts, brokerage, demat accounts along with nomination details.

 Also add the contact information of the relationship manager if relevant.

Life Insurance

Make a list of your life insurance policies, amount, policy type, beneficiary, nominee, riders, date of premium payment and date of maturity. Remember that this is on top of your AGIF

Physical Assets

This includes details of home ownership, bank lockers, PF details, large refundable deposits with institutions other than banks, etc.

 Keep the papers safely, make sure you have copies.


If you have loans, the details of the loan (personal/car/home, etc), such as EMI amount to be paid, time remaining to repay the loan, etc.

Credit & Debit Cards

A list of all credit and debit cards, with their respective numbers (on the card), as well as the process for blocking/customer care, in case fraudulent activity is detected.

Legal Will

Make a clear-cut will, let your family know about it and keep it in a safe but accessible place.

Overall Status

Have a set of reports that list all sources of income, current outflows like EMIs, investments, etc. Your family should know their net worth and how much they have to fall back on.

Mutual Fund investments are subject to market risks, read all scheme related documents carefully.