December is the last month of the calendar year and it is also a month with many financial deadlines. Some of these money deadlines include mutual fund nomination deadline, last date to invest in SBI Amrit Kalash, bank locker agreement deadline and many more.
Here is a look at eight important financial deadlines in the month of December.
SBI Amrit Kalash deadline
The Amrit Kalash special fixed deposit (FD) program’s deadline to invest has been extended by State Bank of India (SBI), the largest lender in the nation. Term deposits with interest rates more than 7.10% can now be availed up to December 31, 2023.Also read: SBI Amrit Kalash date extended: When is the last date to invest in SBI Amrit Kalash special FD with higher interest rate
Bank locker agreement deadline
The RBI has set December 31, 2023 deadline to execute revised locker agreements, in a staggered manner. You might need to sign and submit an updated locker agreement once again if you had submitted an altered bank locker agreement on or before December 31, 2022.
Also read: New bank locker rules: RBI extends deadline for banks to renew locker agreements
If you have not updated your Aadhaar details in the last 10 years, you can do it for free until December 14, according to the Unique Identification Authority of India (UIDAI) website. The UIDAI is also urging Aadhaar holders of 10 years to update the details with the latest information to curb Aadhaar related fraud.Also read: Not updated Aadhaar in last 10 years? Check last date to update your Aadhaar details for free
SBI home loan offer
State Bank of India (SBI) is running a special campaign on home loans offering concession up to 65 basis points (bps).The concession is applicable on regular home loan, flexipay, NRI, non-salaried, privilege, Apon Ghar. The last date for concession on home loans is till December 31, 2023.
Also read: SBI home loan: State Bank of India offers concession, 50-100% processing fee waiver till this date
Deadline for MF, demat nomination
The deadline for existing demat account holders, mutual fund units holder to provide a choice of nomination by another three months to December 31, 2023.”With respect to demat accounts, it has been decided to extend the last date for submission of ‘choice of nomination’ to December 31, 2023,” said SEBI in its circular.
For those holding physical shares, SEBI earlier said that the folios will be frozen if PAN, nomination, contact details, bank a/c details and specimen signature are not submitted by the holders by September 30, 2023. Now, the timeline for submission of PAN, nomination, contact details, bank account details etc. have been extended to December 31.
The National Payments Corporation of India (NPCI) has asked payment apps such as Google Pay, Paytm, PhonePe etc. and banks to deactivate the UPI IDs and numbers that have not been active for more than one year. The NPCI circular has been issued to all the members of UPI on November 7, 2023.
As per the new guidelines, the following must be done by the Third Party App Provider (TPAP) and Payment Service Providers (PSP) and implement the same by December 31, 2023.
Also read: Inactive UPI IDs will be deactivated by December 31, 2023 by payment apps: NPCI
IDBI special FD
IDBI Bank has revised fixed deposits interest rates for amounts less than Rs 2 crore. The rates are effective from November 12. Further, 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 has extended these special fixed deposit deadlines to December 31. Indian Bank, a public sector bank, has 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 has been extended to December 31, 2023.
