Saving Scheme Account Holders: From October 1 next month, many rules related to financial transactions are going to change in the country. In such a situation, there are some important tasks till 30th September which you should get done.
Saving Schemes Account Holders: After September comes the month of October and usually in the month of October, there are major changes in the rules related to financial transactions. In such a situation, there are some tasks which you should do by 30th September otherwise you may suffer financial loss.
In fact, the Finance Ministry has made it mandatory to link Aadhaar number with savings schemes. In this series, all investors investing in National Savings Certificate (NSC), Senior Citizen Saving Scheme (SCSS), Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY) or other savings schemes should get their accounts linked to Aadhaar. Failure to do so can even freeze your savings scheme account.
For this you will have to go to the place where you have invested. By September 30, go to your bank’s branch, post office and submit the information related to Aadhaar or get it updated. Investors will have to give their Aadhaar number to 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.
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.
