PPF – Important news for PPF and NPS account holders. Actually, an important update has come for PPF and NPS account holders. Under which it is being said that FD holders including PPF and NPS account holders should complete this work within two weeks… otherwise they will have to pay a heavy fine.
Only two weeks are left for the month of September to end. In September, there are many financial deadlines. In which those investing in small savings scheme have to submit their Aadhar card. The last date for the special fixed deposit scheme of SBI and IDI is 30th September. At the same time, for those who still have Rs 2000 notes, the deadline to deposit and exchange them in the bank is also 30th September. Here we are going to mention five such tasks, if you do not complete them by 30th September then you may suffer huge loss.
Those investing in small savings scheme will have to provide Aadhar-
Investors who have invested in the Small Savings Scheme will have to submit their Aadhar card by 30th September. If this is not done then their account will be canceled on October 1, 2023. Till September 30, 2023, senior citizens who have invested in Senior Citizens Saving Scheme i.e. SCSS, Public Provident Fund i.e. PPF, National Savings Certificate NSC, or other post office schemes will have to provide their Aadhaar number to the post office or bank branch. If Aadhaar is not given, the interest of the scheme will not be deposited in the investor’s account. At the same time, investors will not be able to deposit money in their PPF or Sukanya Samriddhi account.
SBI WeCare-
The deadline for investing in SBI’s WeCare Special Fixed Deposit Scheme for senior citizens is September 30, 2023. Only senior citizens are eligible for this scheme. SBI WeCare gives 7.50 percent return to senior citizens as compared to normal FD. This scheme is available for new deposits as well as renewal of maturing deposits. This scheme was started in the year 2020 during the Covid period. Since then its deadline was being continuously increased.
IDBI Amrit Mahotsav FD-
The last date for investment in IDBI’s special FD is 30 September 2023. Under the 375 days Amrit Mahotsav FD scheme, the bank offers an interest rate of 7.10 percent to General, NRE and NRO. The bank gives returns of 7.60 percent to senior citizens. Under this scheme, the bank is giving 7.15 percent return to general citizens and 7.65 percent return to senior citizens in 444 days.
Demat and mutual fund nomination-
SEBI has extended the deadline for trading and demat account holders to make nomination or withdraw from nomination to September 30, 2023. Those who have a demat account or invest in mutual funds will have to submit their nomination or withdraw their nomination by 30th September.
Last day to exchange Rs 2,000-
Depositors and exchangers were given four months time by the Reserve Bank of India to deposit or exchange Rs 2000 notes. Bank notes will have to be exchanged or deposited by September 30, 2023.
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