ADVERTISEMENT
Daily Expert News
No Result
View All Result
Wednesday, October 4, 2023
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
Daily Expert News
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
No Result
View All Result
Daily Expert News
No Result
View All Result
  • Home
  • World
  • Economy
  • Business
  • Markets
  • Arts & Culture
  • Education & Career
  • India
  • Politics
  • Top Stories
ADVERTISEMENT
Home Business

Take note! PPF, NSC, Senior Citizen Savings Scheme accounts may be frozen if Aadhaar details not submitted by this date – DailyExpertNews

by Nick Erickson
September 15, 2023
in Business
Reading Time: 3 mins read
127 6
0
Take note! PPF, NSC, Senior Citizen Savings Scheme accounts may be frozen if Aadhaar details not submitted by this date - Times of India
152
SHARES
1.9k
VIEWS
Share on FacebookShare on Twitter
ADVERTISEMENT



Investors with their money in it small savings programs such as the Senior Citizens Savings Scheme (SCSS), the Public Provident Fund (PPF), National savings certificate (NSC), and others post office plans must submit them Aadhaar number to their respective post office or bank branch before September 30, 2023. Failure to do so will result in freezing of their small savings investments until the Aadhaar number is provided, according to an ET report.
The Ministry of Finance has Aadhaar and PAN (Permanent Account Number) mandatory for PPF, NSC and various small savings plans, as announced in a notification dated March 31, 2023. This mandate also applies to existing investors.
According to the notice, depositors who have already opened their accounts and have not submitted their Aadhaar number to the Audit Office must do so within six months, with effect from April 1, 2023. The deadline for compliance is September 30, 2023.

PPF, Senior Citizen Savings, NSC, Sukanya Samriddhi, MIS, small savings schemes explained and compared

If the Aadhaar number is not provided within the stipulated period of six months, the account will become inactive until the depositor provides the Aadhaar number to the Accounts Office, the ET report said.
If your Post Office investments are frozen, this could result in:

ADVERTISEMENT
ADVERTISEMENT
  • Non-crediting of interest to the investor’s bank account
  • Inability to make deposits in PPF or Sukanya Samriddhi accounts
  • Non-crediting of the maturity amount to the investor’s bank account.

In addition, investors who have not provided their Permanent Account Number (PAN) when opening the account must submit it to the Accounting Office within two months of the first of the following events:

  • When the balance in the account exceeds fifty thousand rupees.
  • When the aggregate of all balances in the account in a financial year exceeds one lakh rupees.
  • When the total of all withdrawals and transfers from the account in a month exceeds ten thousand rupees.



Tags: Aadhaaraadhaar detailsaccountsCitizenDailyExpertNewsdateDetailsfrozenNational savings certificatenoteNSCpanpost office plansPPFSavingssavings programs for seniorsSchemeSeniorSmall savings programssubmittedsukanya samriddhi

Get real time update about this post categories directly on your device, subscribe now.

Unsubscribe
ADVERTISEMENT

Related Posts

India, Japan launch $600 million fund for low carbon emission projects - Times of India
Business

India, Japan launch $600 million fund for low carbon emission projects – DailyExpertNews

October 4, 2023
Markets fall in early trade on weak global trends, unabated foreign fund outflows - Times of India
Business

Markets fall in early trade on weak global trends, unabated foreign fund outflows – DailyExpertNews

October 4, 2023
Gold fragile on lofty US dollar and yields; palladium at 5-year low - Times of India
Business

Gold fragile on lofty US dollar and yields; palladium at 5-year low – DailyExpertNews

October 4, 2023
Parag Agrawal, other Twitter executives win $1.1 million in legal fees from Elon Musk’s X - Times of India
Business

Parag Agrawal, other Twitter executives win $1.1 million in legal fees from Elon Musk’s X – DailyExpertNews

October 4, 2023
Indian leaders are back on the saddle at Cognizant - Times of India
Business

Indian leaders are back on the saddle at Cognizant – DailyExpertNews

October 4, 2023
Sebi introduces new system for verification in case of investor death - Times of India
Business

Sebi introduces new system for verification in case of investor death – DailyExpertNews

October 4, 2023
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
This optical illusion has a revelation about your brain and eyes

This optical illusion has a revelation about your brain and eyes

June 6, 2022
NDTV Coronavirus

Viral video: Chinese woman pinned down, Covid test carried out by force

May 5, 2022
NDTV News

TGIF Mood: Video of Bear Cub Dancing in the Forest Melts 2.5 Million Hearts

June 3, 2022
Hundreds In Sarees At UK

Hundreds of sarees at Britain’s Royal Ascot Horse Race to help Indian weavers

June 16, 2022
The shock of chopping up a Chanel bag

The shock of chopping up a Chanel bag

1
NDTV News

Watch: Researchers Discover the World’s Largest Factory in Australia

1
Skyrocketing global fuel prices threaten livelihoods and social stability

Skyrocketing global fuel prices threaten livelihoods and social stability

1
No Guns, No Dragons: Her Video Games Capture Private Moments

No Guns, No Dragons: Her Video Games Capture Private Moments

1
Oppo Find N3 Flip With 3.26-Inch Cover Display, Triple Rear Cameras Launched: Price, Specifications

The Oppo Find N3 Flip India launch could happen on October 12

October 4, 2023
India, Japan launch $600 million fund for low carbon emission projects - Times of India

India, Japan launch $600 million fund for low carbon emission projects – DailyExpertNews

October 4, 2023
“Watch your…”: Dale Steyn's warning to Rohit Sharma as he faces Shaheen Afridi at the Cricket World Cup | Cricket news

“Watch your…”: Dale Steyn’s warning to Rohit Sharma as he faces Shaheen Afridi at the Cricket World Cup | Cricket news

October 4, 2023
On camera: pigs and filth at Maharashtra hospital, where 31 people died in 48 hours

On camera: pigs and filth at Maharashtra hospital, where 31 people died in 48 hours

October 4, 2023
ADVERTISEMENT

Recent News

Oppo Find N3 Flip With 3.26-Inch Cover Display, Triple Rear Cameras Launched: Price, Specifications

The Oppo Find N3 Flip India launch could happen on October 12

October 4, 2023
India, Japan launch $600 million fund for low carbon emission projects - Times of India

India, Japan launch $600 million fund for low carbon emission projects – DailyExpertNews

October 4, 2023

Categories

  • Africa
  • Americas
  • art-design
  • Arts
  • Arts & Culture
  • Asia Pacific
  • Astrology News
  • books
  • Books News
  • Business
  • Cricket
  • Cryptocurrency
  • Dance
  • Dining and Wine
  • Economy
  • Education & Career
  • Entertainment
  • Europe
  • Fashion
  • Food
  • Football
  • Gadget
  • Gaming
  • Golf
  • Health
  • Hot News
  • India
  • Indians Abroad
  • Lifestyle
  • Markets
  • Middle East
  • Most Shared
  • Motorsport
  • Movie
  • Music
  • New York
  • Opinion
  • Politics
  • press release
  • Real Estate
  • Review
  • Science & Space
  • Sports
  • Sunday Book Review
  • Tax News
  • Technology
  • Television
  • Tennis
  • Theater
  • Top Movie Reviews
  • Top Stories
  • Travel
  • Uncategorized
  • Web Series
  • World

Site Navigation

  • Home
  • Advertisement
  • Contact Us
  • Privacy & Policy

We bring you the Breaking News,Latest Stories,World News, Business News, Political News, Technology News, Science News, Entertainment News, Sports News, Opinion News and much more from all over the world

©Copyright DailyExpertNews 2023

No Result
View All Result
  • Contact Us
  • Home
  • Top Stories
  • World
  • Economy
  • Business
  • Opinion
  • Markets
  • India
  • Education & Career
  • Arts
  • Advertisement
  • Tax News
  • Markets

©Copyright DailyExpertNews 2023

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.
Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?