Post Office PPF, SSY Account Holders: Investors investing money in Senior Citizen Saving Scheme (SCSS), Public Provident Fund (PPF), National Saving Certificate (NSC) or other small saving schemes should be alert because their work will not be done till 30 September 2023. Necessary to settle. Update your Aadhaar number wherever you have invested in savings schemes.
Post Office PPF, SSY Account Holders : Investors investing money in Senior Citizen Saving Scheme (SCSS), Public Provident Fund (PPF), National Saving Certificate (NSC) or other small saving schemes should be alert because their work will not be done till 30 September 2023. Necessary to settle.
Wherever you have invested in savings schemes, update your Aadhaar number. Update Aadhaar in your post office saving schemes like PPF, NSC, Time Deposit, Sukanya Yojana etc. If you do not do this, your small savings account will be frozen until the Aadhaar number is submitted. Now you have only 10 days left to update Aadhaar.
Government has made it mandatory to base on small savings
After the notification of the Finance Ministry, Aadhaar number has become mandatory. The Finance Ministry has made Aadhaar and PAN mandatory for PPF, NSC and other small savings schemes.
This was notified through a notification issued on 31 March 2023. According to the notification, if a depositor has already opened an account and had not given the Aadhaar number in the bank or post office, then he will have to provide his Aadhaar number within six months from April 1, 2023. If this is not done, investors may suffer losses.
Only 10 days left
In case the investment made in the post office is frozen, you may suffer many types of losses. If any interest is outstanding, it will not be credited to the investor’s bank account. Investors will not be able to invest in their PPF or Sukanya Samriddhi account. Investors will not get maturity money credit in their bank account. If the depositor does not submit his Aadhaar number within the period of six months, his account will become inactive until the Aadhaar number is submitted to the bank or post office.
Register your Aadhaar number soon
In such a situation, if you have invested in any small savings scheme and have not yet submitted your Aadhar card number, then you should not delay at all in doing so.
