There were many deadlines which are scheduled on December 31, 2023 of which some have been extended. Here is a list of deadlines which are extended and which are scheduled on December 31, 2023.
Bank locker agreement: Not extended
The Reserve Bank of India (RBI) has asked all locker holders to sign a new bank locker agreement by December 31, 2023, If the bank locker agreement is not signed by the deadline. According to the revised standards for locker agreements, the deadline was previously extended by a year for the convenience of bank clients.
Last date to file belated ITR: Not extended
According to Section 139(4) of the Income-tax Act of 1961, this is the deadline for filing a delayed ITR. Additionally, there is a penalty of up to Rs 5,000. Those who were unable to submit by the initial deadline—typically July 31—file a delayed ITR.
July 31, 2023 was the deadline for filing the income tax return (ITR) for FY 2022–23 (AY 2023–24). You may still file an ITR if you miss this deadline, but it will be considered a belated one and must be completed by December 31, 2023.
SBI home loan concessin: Not extended
SBI has launched a special campaign for home loans that offers discounts up to 65 basis points (bps). The special campaign discount is valid up to December 31, 2023. The discount is valid for all home loans, including those with flexipay, NRI, non-salaried, privilege, and Apon Ghar.
Inactive UPI: Not extended
The National Payments Corporation of India (NPCI) to discontinue UPI services for accounts that have been dormant for more than a year. This implies that you won’t be able to access or utilise your UPI account if it hasn’t been used for transactions for more than a year. This will be applicable from starting December 31, 2023.
Indian Bank: Not extended
Indian Bank, a public sector bank, had extended the special fixed deposit offering higher interest rate dubbed “Ind Super 400” and “Ind Supreme 300 days”, according to the bank website. The last date to invest was December 31, 2023.
IDBI Bank: Not extended
IDBI Bank has extended the validity date for special FDs dubbed as Amrit Mahotsav FD for 375 days and 444 days tenure, according to the bank website. It had extended these special fixed deposit deadlines to December 31, 2023.
No paper-based KYC for SIM cards
The paper-based Know Your Customer (KYC) process will be completely digital starting on January 1, 2024, according to notification from the Department of Telecommunication (DoT). As a result, completing a paper form to complete KYC for SIM cards won’t be a problem for you.
These deadlines have been extended
SBI Amrit Kalash
State Bank of India (SBI) has extended its ‘Amrit Kalash’ special fixed deposit scheme for retail customers. According to the SBI website, this 400-day term deposit offers a rate of 7.1% for regular customers and 7.6% for senior citizens.
According to the SBI website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 31-March-2024.” The Scheme was earlier valid till 31-December-2023.”
Demat and Nomination deadline
The deadline for demat and mutual fund account holders to submit a nomination was extended by the markets regulator Sebi on Wednesday to June 30 of the next year.
Previous deadlines for designating a beneficiary or withdrawing from it through the filing of a declaration form were December 31, 2023.
Aadhaar card update deadline extended
The Unique Identification Authority of India (UIDAI) has extended by three months the deadline for upgrading one’s Aadhaar card for free. Anyone who wants to update their Aadhaar Card for free can do by by March 14, 2024.
