Now only a few days are left for the month of September to end. The deadlines for many financial tasks are ending this month. Here we are telling you about such changes and deadlines.
Now only two weeks are left for the end of September. Along with this month, six months of the financial year are also being completed. This is the reason why the deadline for many financial works and changes is ending on 30 September. If you fail to complete these tasks on time, you may face problems. Here we are telling you about them in detail.
Basis for small schemes
There is important news for those investing in small savings schemes like PPF, Senior Citizens Savings Scheme (SCSS) and National Savings Certificate (NSC). They will have to submit their Aadhaar by going to the post office or bank by September 30, 2023. If they do not do so, their investment will be frozen. Investment will be unfreezed only after giving Aadhaar. The Finance Ministry has made Aadhaar and PAN mandatory for PPF, NSC and other savings plans. Aadhaar has been made mandatory for existing investors. The ministry had issued a notification in this regard on March 31, 2023. According to this, if someone is running an account and has not submitted the Aadhaar number in the accounts office, then he will have to do so within six months. The six-month period ends on September 30, 2023.
SBI WeCare
The deadline for the WeCare Special Fixed Deposits Scheme launched by SBI for senior citizens is ending on 30th September. Only senior citizens can participate in this scheme. In this, they are being given 7.5 percent interest on FD which is 100 basis points more than the common people. This benefit is being given on new deposits and renewal of maturing deposits.
IDBI Amrit Mahotsav FD
The deadline for investing in IDBI Bank’s FD is also ending on 30th September. Under the Amrit Mahotsav FD Scheme, the bank is offering 7.10 percent interest on a tenure of 375 days. 7.60 percent interest is being given for senior citizens. Also, under this scheme, 7.15 percent interest is being given to common people and 7.65 percent interest to senior citizens for a period of 444 days.
Demat, MF nomination
Market regulator SEBI has set September 30 as the deadline for demat account holders to make nomination or opt out of nomination. If they do not do so then his mutual fund folio will be frozen for debit. The last date for mutual fund investors to submit nominee details is September 30, 2023. SEBI had issued a circular in this regard on March 28, 2023.
2000 rupee note
RBI had announced the withdrawal of Rs 2,000 notes from circulation on May 19. Consumers have been given the facility to deposit these notes in banks or exchange them there till 30th September. If you have a Rs 2000 note lying with you, you can deposit it in the bank or exchange it till 30th September. RBI says that most of the Rs 2000 notes have been returned.
