The twelfth month is halfway through. At this time, as the year is ending, many important money tasks have deadlines coming up.
There are various financial jobs you need to take care of. This includes tasks from naming someone in your demat account to taking advantage of a home loan offer.
If you want to avoid losing money, make sure to finish these tasks soon.
Finish naming someone in your demat account
If you haven’t named someone in your mutual fund and demat account, do it quickly. The deadline for this is December 31.
If you don’t, your mutual fund and demat account will be turned off and will only be activated again once you add a nominee.
Time is running out to sign the bank locker agreement
The Reserve Bank of India says all customers must sign the new locker agreement by December 31, 2023.
If you haven’t done this yet, complete it as soon as possible. Otherwise, you might face problems later.
Last opportunity to invest in SBI Amrit Kalash Scheme
The deadline for the State Bank of India’s special FD scheme, the Amrit Kalash Scheme, ends on December 31.
Under this scheme, regular customers get a 7.10 percent interest rate on a 400-day special FD, while senior citizens get a 7.60 percent interest rate.
Deadline to file ITR with a penalty is approaching
The deadline to file ITR with late fees for the financial year 2022-23 is December 31. If you don’t, you might receive income tax notices in the future.
People with income less than Rs 5 lakh will face a fine of Rs 1,000, while those with income more than Rs 5 lakh can file ITR for this financial year by paying a fine of Rs 5,000.
Last chance to take advantage of the festive home loan offer
The State Bank of India has a special home loan offer in the festive season, and the deadline is December 31.
With this offer, customers get a home loan at an 8.40 percent interest rate annually, along with a 0.17 percent discount on processing fees. Customers also get a 0.65 percent additional interest rate discount.
These UPI IDs will be closed
If you haven’t used your UPI ID in the last year, it will be closed after December 31.
If this applies to you, use your UPI ID as soon as possible to prevent it from being deactivated.
