December 2023 Financial Deadline: You have only one month left to complete some important financial work and you have time till the last date of December. Know which are the financial tasks which should not be postponed.
December 2023 Financial Deadline: The last month of the year, December, is about to begin and it is also a month with many financial deadlines. If you are also one of those who postpone their work till the last date, then know that only one month is left for some financial work. These include many important things like adding nominee in mutual fund and demat, last date to invest in SBI Amrit Kalash and last date of bank locker agreement.
Bank Locker Agreement Deadline
RBI has set the last date of December 31, 2023 for the systematic settlement of the revised locker agreement. Even if you have submitted an updated Bank Locker Agreement on or before December 31, 2022, you may still need to sign and submit the updated Locker Agreement once again.
Last date for free Aadhaar updation
According to the website of Unique Identification Authority of India or Unique Identification Authority of India (UIDAI), if you have not updated your Aadhaar details in the last 10 years, then you can do it for free till December 14. UIDAI is also urging 10 year old Aadhaar card holders to update their details to prevent Aadhaar related fraud.
SBI Home Loan Special Interest Rate Offer
State Bank of India (SBI) is running a special campaign offering discount of up to 65 basis points (bps) or 0.65 percent on home loans. These offers are applicable on Regular Home Loan, Flexipay, NRI, Non-Salary along with Privilege. The last date for special discount on SBI home loan interest rate is till 31 December 2023 only.
Last date for mutual fund, demat nominee
The deadline for providing nomination option to existing demat account holders, mutual fund unit holders has been extended by next three months to December 31, 2023.
SEBI said in its circular, “It has been decided to extend the last date for submitting ‘choice of nominee’ regarding demat account till December 31, 2023.”
For those holding physical shares, SEBI had earlier said that if account holders do not submit PAN, nominee, contact details, bank account details and specimen signature by September 30, 2023, the folios will be frozen. The last date for submitting PAN, nominee, contact details, bank account details has been extended till December 31, 2023.
Inactive UPI IDs will be closed till 31st December
National Payments Corporation of India (NPCI) has asked payment apps like Google Pay, Paytm, Phone Pay and banks to block those UPI IDs and numbers which are not active for more than a year. This circular of NPCI has been issued to all the members of UPI on November 7, 2023.
According to the new guidelines, Third Party App Providers (TPAP) and Payment Service Providers (PSP) will have to complete this work and it is mandatory to implement it by December 31, 2023.
SBI Amrit Kalash Special FD Scheme deadline also nears
The country’s largest lender State Bank of India (SBI) has extended the investment deadline for its Amrit Kalash Special Fixed Deposit (FD) scheme. The benefit of fixed deposits with interest rates above 7.10 percent can now be availed till December 31, 2023.
