From the schemes brought by the Center to updating Aadhaar and adding nominees for Demat accounts, many of them will expire in December itself. December is also the last month to invest in fixed deposit schemes offered by public sector banks. So if you don’t complete these tasks at the end of the month, you risk losing some benefits.
Amrit Kalash:
State Bank of India’s (SBI) limited-time special deposit scheme ‘Amrit Kalash Deposit’ (SBI Amrit Kalash) scheme will expire in December. The term deposits offered under this scheme offer an interest rate of over 7.10 percent. The scheme will end on December 31.
Locker Agreement:
The deadline for renewing the agreement (Locker Agreement) regarding bank lockers is also ending in December itself. Those who have submitted locker agreements before December 31, 2022, will have to update their locker agreement with banks once again by December 31, 2023.
Free Aadhaar Update:
The Unique Identification Authority of India (UIDAI) has provided an opportunity for free Aadhaar update for those who have not updated Aadhaar for 10 years. The deadline will expire on December 14 this year. To update Aadhaar after the deadline, one has to pay Rs.50.
SBI Home Loan Offer:
State Bank of India has brought a special offer for customers who want to take a home loan. Concession of up to 65 basis points on home loan. This offer will end on December 31.
Has the nominee been added?:
The deadline given by SEBI for adding nominee to mutual fund and demat accounts will end on December 31. Also, PAN, nominee, bank account details should also be submitted by December 31. SEBI has already mentioned that otherwise there is a risk of freezing your accounts.
Deactivate UPI IDs:
The National Payments Corporation of India has advised Google Pay, Paytm, Phone Pay and banks to deactivate UPI IDs and numbers that have not been used for more than a year. It has advised Third Party App Provider (TPAP) and Payment Service Providers (PSP) to deactivate their UPI IDs by December 31 this year.
Special FDs:
In the name of IDBI Amrit Mahotsav, FD deposits with tenure of 375 and 444 days will expire on December 31. The special fixed deposit schemes brought by public sector Indian Bank named ‘Ind Super 400’ and ‘Ind Super 300 Days’ will also expire on the same day.
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