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| Thank You For Your Generous Support; |
| More On The Pain Of Asset Transmission |
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| Dear Moneylifers, |
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| Let me begin by thanking a regular supporter of Moneylife Foundation, for once again generously offering to run a donation matching campaign, and for all the very heart-warming response from all you wonderful supporters and members. We are deeply appreciative, because it allows us the independence to say and do things that promoter your financial interests. |
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 If you have benefited in any form through our work, please do consider making a donation. The match campaign will end in the next few weeks, so please do donate and make use of the opportunity to double your impact in this match campaign.
I also urge you to spread the word about our work and encourage many more people to benefit from our financial literacy and advocacy efforts by availing of the free membership to Moneylife Foundation and watch our videos. |
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| I also urge you to spread the word about our work and encourage many more people to benefit from our financial literacy and advocacy efforts by availing of the free membership to Moneylife Foundation and watch our videos. |
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| Unclaimed Deposits & A Centralised Database |
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 Members of Moneylife Foundation will recall that I had filed a plea (SC Issues Notice on Plea By Sucheta Dalal That Information on Unclaimed Amounts Lying in Dormant Accounts Be Made Publicly Available on a Centralised Platform) in the Supreme Court with the help of senior counsel Prashant Bhushan, regarding unclaimed deposits and had asked that all information regarding such deposits be accessible in a centralised database. |
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| Our concern about the hurdles to smooth transmission of physical and financial assets is further underlined by a survey conducted by Local Circles which showed how corruption adds to peoples' woes. The survey revealed that 52% of Indian families trying to transfer assets of a deceased family member to legitimate heirs/successors had to pay bribes at several places to get things done. And when bribes were paid, perhaps legitimate checks and questions were ignored, leading to another set of horror stories. I have written about it here: How Corruption Adds to the Enormous Friction That Legal Heirs Face in Getting Property Transferred or you can watch it as a video here: https://youtu.be/icBmaLTZKm8 |
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| This is a continuation of our effort on reuniting unclaimed assets with their rightful owners. Many of you know we are doing this through the public interest litigation and have also made a detailed representation to the ministries of finance, corporate affairs, Reserve Bank of India (RBI) and Securities & Exchange Board of India (SEBI), with the help of iSprit Foundation. Our representation has examined the feasibility of an online system to transferring assets and how it is done by key developed nations. You can read this detailed note here: https://www.mlfoundation.in/ memorandum/note-on-central-authority-for-unclaimed-funds-sent-to-regulators/176.html. |
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| Consumer Awareness, Financial Literacy & Counselling |
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| Fraud Alert |
 Another important reading for those of us who are not very tech savvy is the weekly column by Moneylife's Deputy Editor Yogesh Sapkale titled 'Fraud Alert'. He tracks the various ways in which fraudsters - who are usually a couple of jumps ahead of the cops and regulators - find new ways to part us from our hard earned money. Do take a look at these columns, because Yogesh tracks new developments and suggests ways in which you can avoid being duped. You can read all the columns under the this #FraudAlert. |
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| How To Series |
 Our series of 'how to' articles also provide detailed guidance in a range of issues from filing a complaint to obtaining an heirship or succession certificate. You may want to spend some time to check if any of these is relevant to you today. Here is a link to the series: https://moneylife.in/howto.html |
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| YouTube and Helplines |
| We continue to educate our members on the latest frauds, scams and attractive yet fraudulent schemes through series of articles on Moneylife. Our Youtube Channel has a vast repository of videos from past seminars and workshops, as well as short videos on topics of financial literacy which are e a great resource to those willing to spend some time learning. Our online helplines are always open for counselling from a panel of experts on issues on banking, insurance, housing and property related matters, consumer and other issues. |
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| Do take the time to read our articles, watch the videos and also share them with others, so that many more can take advantage of the knowledge and remain safe. Please also do encourage your friends, family members and colleagues to become members of Moneylife Foundation. |
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| Financial Literacy Videos |
| Recently we have made efforts to present our financial literacy videos in languages other than Hindi and English. You can now learn to use credit cards safely, stay away from online frauds, learn about the fallacy of gold loans and more in Marathi, Gujarati, Punjabi and Tamil, all on our YouTube channel. |
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| Do subscribe to our YouTube Channel for regular updates and notifications when a new video is released, and also encourage your friends and family to do so as well. After all, the more number of people that watch and learn from these short videos, the more financially literate we can all be. |
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| We are also happy to send them to you in the language of your choice on WhatsApp and Telegram if you share your numbers at Moneylife Foundation's WhatsApp number (+91 7045156415). This is also a good opportunity for you to join our WhatsApp broadcast list as well as our telegram channel. Join to stay in the loop about Moneylife Foundation's activities. |
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| Do send us your feedback on these and if you have benefitted from our work, please do not forget to pass it forward by introducing our videos, free helplines and membership benefit to others. Do register for a free membership and also encourage your friends and family to join as well. |
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| File your RTI Applications with Expert Guidance |
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| RTI Advice App पर विस्तृत गाइड से विशिष्ट उपयोग के मामलों के लिए आरटीआई आवेदन दाखिल करने का तरीका जानें। हिंदी और मराठी भाषाओं में उपलब्ध। |
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| Many of you are already aware of our 'RTI Advice' app, which was launched for both android and iOS devices a year ago. The app helps you get expert advice on your RTI queries in any language or format (text, audio or video) and access to over 900 queries that are already asked and answered by our 14 highly regarded RTI experts. |
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| Don't worry about how to navigate the app—we now have user guides for you in English, Hindi and Marathi! Download the app or access the guides from our website here. |
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| Moneylife TV & Helplines |
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| Catch up with our financial literacy work through Moneylife TV and Moneylife News Bites. |
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| Get guidance and counselling through our Legal Helpline or Credit Helpline. |
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| Also, Moneylife Foundation is now on Telegram and Instagram, so do follow us on these channels to stay updated on our activities and events. |
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| Sucheta Dalal |
| Founder-Trustee, Moneylife Foundation |
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| Trustees: TS Krishnamurthy, Walter Vieira, Sucheta Dalal, Debashis Basu. | | | | Moneylife Foundation is registered with the Charity Commissioner of Mumbai, is an Affiliate member of OECD's International Network on Financial Education, is a Supporter Member of Consumers International, Development Partner of Advocates for International Development (A4ID), and is a winner of the 10th MR Pai Memorial Award. | | |  | | | | Donations are eligible for tax benefits under Sec 80G of the Income Tax 1961 (50% tax exemption) and MLF is registered under the Foreign Contribution (Regulation) Act, 2010. 80(G) Reg No: DIT(E)/MC/80G/685/2010-11 dated 7.2.11 effective 8.+9.2010 | FCRA Registration No: 08378138  | | | |
