Tax Saving Options: Complete These 5 Essential Tasks Before March 31

As we step into March, it’s imperative to address various financial tasks before the closure of the financial year.

From tax-saving investments to essential updates, ensuring timely completion of these tasks is crucial.

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Here are five important tasks you need to complete before March 31 to streamline your finances effectively.

1. Tax Savings Investment:

With March 31 marking the deadline for tax-saving options for the financial year 2023-24, it’s imperative to invest in suitable schemes to avail tax benefits.

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Investing before the deadline ensures eligibility for tax exemptions, providing an opportunity to optimize your tax liabilities based on your income.

2. Home Loan Discount Opportunity:

Take advantage of the special home loan discount scheme offered by SBI before March 31. This scheme provides discounts on home loans, subject to a good CIBIL score.

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Utilize this opportunity to make significant savings on your home loan repayments.

3. Paytm Payments Bank Services:

The RBI has extended the deadline for various services of Paytm Payments Bank.

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Previously barred from accepting new deposits or top-ups, the deadline has now been extended to March 15, 2024.

Ensure compliance with the updated guidelines to avoid any disruptions in banking services.

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4. Aadhaar Card Update:

Take advantage of the facility for free Aadhaar card updates provided by UIDAI until March 14, 2024.

After this date, a fee will be applicable for any updates or modifications to your Aadhaar card details.

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Ensure your Aadhaar information is accurate and up-to-date to avoid any inconvenience in the future.

5. Fastag KYC Update:

The deadline for completing Fastag KYC has been extended until March 31, providing an extended window for compliance.

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Ensure timely completion of Fastag KYC requirements to continue enjoying the benefits of hassle-free toll payments on national highways.

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