Family Vault: your family's financial records, in one place
If something happens to you, would your family know which accounts, policies and investments exist, and where to find them? Family Vault is that list, kept up to date by you and visible only to the people you choose.
Why families need this list
Money goes unclaimed
Accounts, deposits and policies regularly go unclaimed in India simply because the family never knew they existed.
A nominee is not a map
Being the registered nominee on an account does not tell anyone the account exists, which bank holds it, or where the papers are.
It lives in one head
In most families one person knows where everything is. Family Vault gets it out of their head and into a list the right people can see.
How it works
Three steps, all inside the CraftMyMoney app. Find it under Settings, then Family Vault.
List what you own
Add each account, investment, policy, loan or record: what it is, which institution holds it, an optional value, and notes like where the papers are kept.
Add Trusted Contacts
Add the people you trust with their name, relation and email. Each one gets an invite, and nothing is visible to them until they accept.
Choose who sees what
Share each item with specific contacts. Your spouse might see everything, a sibling only one policy. Revoke access at any time.
What you can list
Built around the accounts and policies Indian families actually hold, with an Other option in every group.
Assets
- Savings accounts
- Fixed and recurring deposits
- Mutual funds
- Stocks and demat
- PPF, EPF and NPS
- Sukanya Samriddhi and post office schemes
- Gold and sovereign gold bonds
- Property, land and vehicles
Insurance Cover
- Term life
- Life insurance (endowment or ULIP)
- Health insurance
- Vehicle insurance
- Personal accident
Liabilities
- Home and car loans
- Personal and education loans
- Gold loans and loans against property
- Credit cards
Records
- Where your will is kept
- Bank lockers
- Where property documents are kept
- Anything else your family should know
Private by design
What a Trusted Contact never sees
- Your totals or your net worth
- Any item you did not share with them
- Who else you share with
- Anything at all before they accept your invite
What we never store
- Documents or scans of any kind
- Full account numbers. At most the last 4 characters
- Aadhaar or PAN
- Bank logins or live balances. Values are what you last typed
Family Vault is not a will
It does not transfer ownership or give anyone access to your money. Who can claim an account is decided by the registered nominee and your will, so keep those up to date with your bank, insurer and fund houses. Family Vault makes sure your family knows those accounts exist and where to start.
Questions families ask
What is Family Vault?
Family Vault is a list of what you own and owe, such as bank accounts, fixed deposits, mutual funds, insurance policies and loans, kept in the CraftMyMoney app. You choose which family members can see each item, so they know what exists and where to find it if something happens to you.
Is Family Vault free?
Yes. Family Vault is free on every CraftMyMoney plan, including the Free plan.
Do I need to upload documents or account numbers?
No. Family Vault is an index, not a document locker. You add the type of item, the institution or where it is kept, an optional value, and notes. It never asks for documents, full account numbers, Aadhaar or PAN. At most you add the last 4 characters of an account number.
When can my Trusted Contact see my items?
As soon as they accept your invite. Access is live from then on, not only in an emergency, so share only what you are comfortable with them seeing now. You can revoke access at any time and it ends immediately.
Can my Trusted Contact see my net worth?
No. A Trusted Contact sees only the specific items you shared with them. They never see your totals, your net worth, the items you did not share, or who else you share with.
Is a Trusted Contact the same as a nominee?
No. A registered nominee is the person on record with your bank or insurer, and that is what decides who can claim the money. A Trusted Contact is someone you let see the item in the app. They can be different people, and each item can record its registered nominee separately.
Does my Trusted Contact need the app?
Yes. They get an email invite, install CraftMyMoney and sign up with the same email address you invited. They can skip the budgeting setup entirely and go straight to the items shared with them.
Start your list today
Download CraftMyMoney, open Settings, then Family Vault. It is free on every plan, and your first item takes about a minute.