PF and Sukanya Samriddhi accounts may be frozen till 30 September
PPF: Now only two weeks are left for the end of September. Six months of the financial year are also being completed this month. This is the reason why the deadline for many financial actions and changes is ending on 30 September. If you are not able to complete these tasks on time, you may have to face problems. Here we are telling you about them in detail.
basis of 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. There will be no ban on investment merely on giving Aadhaar. The Finance Ministry has made Aadhaar and PAN mandatory for PPF, NSC and other savings schemes. 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, he will have to do so within six months. The six-month period ends on September 30, 2023.
SBI Wecare
The WeCare Special Fixed Deposit Scheme launched by SBI for senior citizens is expiring on September 30. 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 mature 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 enroll or exit nomination. If they do not do so, their mutual fund folio will be frozen for debit. The last date for submission of nomination details for mutual fund investors is September 30, 2023. SEBI had issued a circular in this regard on March 28, 2023.
2000 rupee note
On May 19, RBI had announced the withdrawal of Rs 2,000 notes from circulation. Consumers have been given the facility to deposit or exchange these notes in banks till September 30. If you have a Rs 2000 note lying with you, you can deposit it in the bank or get it exchanged by 30th September. RBI says that most of the notes of Rs 2000 have returned.
