Saving Scheme Account Holders: There are going to be changes in many rules related to financial transactions in the country from October 1 next month. In such a situation, there are some important tasks which you should complete by 30th September.
Saving Schemes Account Holders: The month of September is now at its last stage and the new month of October is ready to come. Generally, there are major changes in the rules related to financial transactions in the month of October. In such a situation, there are some tasks which you should complete by 30th September otherwise you may suffer financial loss.
It is mandatory to link savings schemes with Aadhaar number.
In fact, the Finance Ministry has made it mandatory to link Aadhaar number with savings schemes. In this context, all investors investing in National Savings Certificate (NSC), Senior Citizen Saving Scheme (SCSS), Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) or other saving schemes should get their accounts linked to Aadhaar. Failure to do so may even result in your savings scheme account being frozen.
Deadline is 30th September
For this you will have to go to the place where you have invested. You should go to your bank branch, post office and submit the information related to Aadhaar or get it updated by 30th September. Investors will have to give their Aadhaar number in the bank or post office where your scheme is running.
After the notification of the Finance Ministry, Aadhaar number has become mandatory. The Finance Ministry has made Aadhaar and PAN mandatory for PPF, NSC and other small savings schemes. This was notified through a notification issued on 31 March 2023.
Finance Ministry has already issued notification
Let us tell you that the Finance Ministry had clearly said in its notification that investors whose accounts are not linked to Aadhaar should get them linked within six months from April 1, 2023 or deposit them in the bank or post office.
Investors who do not do so may suffer losses. In such a situation, if you have also invested in any small savings scheme and have not yet submitted your Aadhar card number to the said institution, then complete this as soon as possible.
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