The month of September carries a special significance for financial matters.
Several crucial tasks related to your money have impending deadlines in September, and procrastinating on these could lead to financial setbacks.
Here’s a rundown of these vital tasks:
1. SBI WeCare Special FD Scheme Deadline
India’s largest public sector bank, the State Bank of India (SBI), is currently offering its customers a unique opportunity with the Wecare Special FD Scheme.
Senior citizens can invest in this scheme to enjoy better interest rates. However, the clock is ticking, as the scheme’s validity ends on 30th September.
Under the SBI WeCare Scheme, senior citizens earn an attractive interest rate of 7.50%.
2. IDBI Amrit Mahotsav FD Scheme Deadline
IDBI Bank is presenting its customers with the Amrit Mahotsav FD, available for a tenure of 375 days. This scheme offers a 7.10% interest rate to general, NRE, and NRO category customers.
Senior citizens are in for even better returns, with a 7.60% interest rate.
For the 444-day scheme, common citizens can benefit from a 7.15% interest rate, while senior citizens enjoy an impressive 7.65%.
Mark your calendars; the last date to invest in this scheme is also 30th September 2023.
3. Aadhaar Deposit for Small Saving Scheme
Current account holders must provide their Aadhaar numbers by 30th September. Failing to do so could result in the suspension of your account on October 1, 2023.
This Aadhaar requirement extends to schemes such as the Senior Citizens Saving Scheme (SCSS), Public Provident Scheme (PPF), National Saving Certificate (NSC), and other similar programs.
4. Last Chance to Exchange Rs 2,000 Notes
The Reserve Bank of India (RBI) had previously announced the demonetization of Rs 2,000 notes.
However, RBI has permitted individuals to exchange these notes at any bank branch until September 30.
If you still possess Rs 2,000 notes, make a note to visit your bank and get them exchanged.
5. Nomination in Mutual Funds and Demat Accounts
If you hold trading and demat accounts, the Securities and Exchange Board of India (SEBI) has set the deadline for nomination as 30th September 2023.
Be sure to complete this important task before the due date to ensure your investments are secure.
As the clock keeps ticking, it’s essential to prioritize these financial tasks and meet their deadlines to secure your financial well-being.
Don’t let procrastination cost you money; act now to safeguard your financial interests.