Some personal finance deadlines have been extended until September 30. Here are 9 personal finance deadlines that were extended on September 30:
Demat Appointment: The Securities and Exchange Board of India (SEBI) has announced the extension of the last date for investors to make nominations or waive the opportunity to make nominations in trading and demat accounts. The revised deadline is now December 31, 2023, offering investors greater flexibility in managing their finances.
In another move aimed at customer ease and convenience, SEBI has also relaxed the rules regarding inclusion of nominations in business accounts.
The regulator has postponed the last date for submission of required identification information, including Permanent Account Numbers (PAN), nomination and contact details and bank account details, to December 31.
Investment Fund Nomination: In a move offering greater flexibility, SEBI has given an additional three months to mutual fund unit holders to add or withdraw candidates. The deadline for compliance with candidacy standards, previously scheduled for October 1, 2023, has now been postponed to January 1, 2024.
IDBI Amrit Mahotsav FD: The last date of Amrit Mahotsav Fixed Deposit (FD) scheme has been extended to 31 October 2023. Praised for its advantageous rates, the scheme offers a competitive interest rate of 7.10% on general Non-Residential External (NRE) loan for a period of 375 days. ) and Non-Residential Ordinary (NRO) customers. Additionally, the bank ups the ante by offering a higher interest rate of 7.60% for the same period for senior citizens. If the investment period is extended to 444 days, the program provides a higher return of 7.15% for general citizens and 7.65% for senior citizens.
2,000 Rupees Exchange Deadline: The deadline for depositing or exchanging Rs 2,000 notes has been extended to October 7, 2023. It was previously extended until September 30, 2023.
Non-extended periods:
SBI WeCare: State Bank of India (SBI) has announced the “SBI WECARE” Fixed Deposit (FD) scheme in 2022, designed especially for the benefit of senior citizens. Designed to secure the income of senior citizens in an ever-fluctuating market, this program offers an attractive high interest rate of 7.50 percent on term deposits with a maturity of 5 years or more.
Aadhaar submission for small savings schemes: The last date for Aadhaar submission for small savings schemes has not been extended and will continue till September 30, 2023.
Dhan Vriddhi from LIC: Life Insurance Corporation of India (LIC) Dhan Vriddhi, a single-premium life insurance plan, will end on September 30, 2023. This non-linked, non-participating, single-premium life insurance plan provides dual benefits of protection and protection. provides savings to its customers. In the unfortunate event of sudden death of the insured during the policy period, Dhan Vriddhi provides financial support to the family. In addition, life policyholders are provided with a guaranteed lump sum payment opportunity at the end of the policy maturity. In addition to ensuring the security of the beneficiaries, this fund also served as a source of savings for the insured.
New Rule of TCS: The Ministry of Finance has announced that from October 1, 2023, a higher Tax Collected at Source (TCS) of 5% will be imposed on foreign tour packages on amounts up to Rs 7 lakh per person per annum. This means that for a trip costing Rs 7 lakh, the TCS will amount to Rs 35,000, significantly affecting the cost of foreign travel for Indians. TCS is a form of tax levied on the spender rather than the company providing the service, which puts a direct hit on travellers’ budgets.
Income Tax Audit: The Income Tax Department announced that there will be no extension in the submission period of the income tax audit report in accordance with Article 44AB of the Income Tax Act, 1961. The projected deadline remains September 30, 2023. In this case, taxpayers are obliged to submit their audit reports on or before this date in order to ensure full compliance with the Law. However, for those who do not meet this deadline, there is still an opportunity to submit the report, but it comes at a cost. The Income Tax Department imposed penalties for late applications.
Also Read: GST collection rises 10% to Rs 1.63 lakh cr in September
