Don’t miss important deadlines! December 2023, the final month of the year, is a crucial period for various financial deadlines. Here are eight important deadlines to keep in mind:
Bank locker agreement deadline:
The Reserve Bank of India (RBI) has set December 31, 2023, as the deadline to execute revised locker agreements in a phased manner. If you had previously submitted an altered bank locker agreement on or before December 31, 2022, you may need to sign and submit an updated agreement.
Last date for free Aadhaar updation:
The Unique Identification Authority of India (UIDAI) has announced that individuals who have not updated their Aadhaar details in the last 10 years can do so for free until December 14. Updating the details is essential to prevent Aadhaar-related fraud.
SBI Amrit Kalash deadline:
State Bank of India (SBI), the largest lender in the country, has extended the deadline to invest in the Amrit Kalash special fixed deposit (FD) program. Investors can now avail term deposits with interest rates exceeding 7.10% until December 31, 2023.
Deadline for MF, demat nomination:
Existing demat account holders and mutual fund unit holders have been given an additional three months to provide a choice of nomination. The new deadline for submitting the nomination is December 31, 2023, as per SEBI’s circular pending which the folios will be frozen.
Inactive UPI IDs:
The National Payments Corporation of India (NPCI) has instructed payment apps like paytm, Google Pay, PhonePe etc. and banks to deactivate UPI IDs and numbers that have been inactive for over a year. The NPCI has set a deadline for Third Party App Providers (TPAP) and Payment Service Providers (PSP) to implement this by December 31, 2023.
SBI home loan offer:
SBI is currently running a special campaign on home loans, offering a concession of up to 65 basis points (bps). This concession is applicable to various types of home loans and is valid until December 31, 2023.
IDBI special FD:
IDBI Bank has revised its fixed deposit interest rates for amounts below Rs 2 crore. Additionally, the bank has extended the validity date for special FDs, known as Amrit Mahotsav FD, for 375 days and 444 days tenure. The new deadline for these special fixed deposits is December 31.
Indian Bank special FD:
Indian Bank, a public sector bank, has extended its special fixed deposit offerings with higher interest rates, namely “Ind Super 400” and “Ind Supreme 300 days.” The last date to avail of these special FDs has been extended to December 31, 2023.
These financial deadlines, compiled by ET, are important to ensure timely compliance and take advantage of the various offers and benefits available.
