Financial Deadlines Concluded on December 31, 2023; Know What’s Extended and What’s Not

As the year 2023 comes to an end, several financial tasks required completion by December 31. While some deadlines have been extended, others remain unchanged.

Here’s a breakdown:

Deadlines Not Extended:

  1. ITR Filing:

Deadline: December 31, 2023

Status: Not Extended

If you have pending income tax returns for FY 2022-23 or detected discrepancies, the deadline remained December 31, and the government has not extended it.

Signing Bank Locker Agreement:

Deadline: December 31, 2023

Status: Not Extended

RBI instructed banks to have customers sign new agreements for bank lockers by this date, and the deadline has not been extended.

SBI Home Loan Rate Offer:

Deadline: December 31, 2023

Status: Not Extended

SBI’s home loan festive offer, providing loans at 8.40% per annum with a 0.17% processing fee, was applicable until December 31 and has not been extended.

Bank of Baroda’s Festive Offer:

Deadline: December 31, 2023

Status: Not Extended

Bank of Baroda’s ‘BOB Ke Sang Festival Ki Umang’ campaign concluded on December 31, and the offer has not been extended.

UPI ID Usage:

Deadline: Not Specified

Status: Not Extended

UPI IDs that remained unused for a year might have been closed. The deadline for UPI ID usage has not been extended.

Deadlines Extended:

SBI Amrit Kalash Deadline:

Original Deadline: December 31, 2023

Extended Deadline: March 31, 2024

SBI’s Amrit Kalash Yojana, a special FD scheme, was originally set to conclude on December 31, 2023. The deadline is now extended to March 31, 2024, offering a 7.10% interest rate.

MF, Demat Nominee Deadline:

Original Deadline: December 31, 2023

Extended Deadline: June 30, 2024

The last date for providing a nominee option for existing demat account holders and mutual fund unit holders was initially December 31, 2023. This deadline is now extended to June 30, 2024.

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