List Of Personal Finance Deadlines you can’t miss in June: As June, the sixth month of 2023, begins, the first half of the year is nearly complete. June is a month with numerous personal finance deadlines.
List Of Personal Finance Deadlines you can’t miss in June
Editorji presents the approaching deadlines that you must be aware of:
1. First on our schedule is PAN-Aadhaar linking deadline.
The Income Tax Department has set June 2023 as the final deadline for seeding the two essential documents, following a succession of extensions.
Link your PAN and Aadhaar by June 30: Simple Steps to Help You Out (www.eduvast.com)
2. Update your Aadhaar
In March, the Unique Identification Authority of India (UIDAI) announced free updates for Aadhaar documents, allowing individuals to edit any information on their Aadhaar card, such as their address. This gratis service, however, is only available until June 14.
After June 14th, a fee of 50 yen will be charged for such document revisions. Use the myAadhaar portal to update Aadhaar documents.
3. Bank safe rules
The Reserve Bank of India (RBI) has established new regulations for safe deposit lockers that require consumers to sign a new contract with their banks. The RBI expects banks to enrol at a rate of 50 per cent by June 30, and 75 percent by September 30. As this date approaches, you may be prompted to renew your contract.
4. Higher EPS pension deadline
EPFO has extended the deadline for submitting applications to select for a higher pension. This is the second extension of the deadline by the EPFO. You have until 26 June 2023 to choose a higher pension if you wish to do so.
5. SBI WECARE FD Scheme
The deadline for the programme, which aims to guarantee sufficient income for senior citizens aged 60 and older, has been extended to 30 June 2023. Under the ‘WECARE’ programme, senior citizens receive an additional 50 basis points (bps) on top of the existing 50 bps premium for the general public.
6. SBI Amrit Kalash
Additionally, the Amrit Kalash Special FD from SBI expires on June 30. This Fixed Deposit has a term of 400 days. The interest rate for the general population is 7.10 percent, while the rate for senior citizens is 7.60 per cent.
7. Indian Bank special FD
“IND SUPER 400 DAYS” is a distinct Fixed Deposit programme introduced by Indian Bank. The deadline for prospective investors to take advantage of this opportunity is June 30. The bank offers the general public an interest rate of 7.25 per cent, seniors 7.75 per cent, and special seniors 8 per cent.
Last on our list is investing in mutual funds for minors.
The Securities and Exchange Board of India (SEBI) enacted a set of rules regarding the purchase of mutual fund units by minors through their legal guardians. The new regulation will go into effect on June 15, 2023.
