Financial Deadlines Concluded on December 31, 2023; Know What’s Extended and What’s Not

MySandesh
2 Min Read

As the year 2023 comes to an end, several financial tasks required completion by December 31. While some deadlines have been extended, others remain unchanged.

Here’s a breakdown:

Deadlines Not Extended:

  1. ITR Filing:

Deadline: December 31, 2023

Status: Not Extended

If you have pending income tax returns for FY 2022-23 or detected discrepancies, the deadline remained December 31, and the government has not extended it.

Signing Bank Locker Agreement:

Deadline: December 31, 2023

Status: Not Extended

RBI instructed banks to have customers sign new agreements for bank lockers by this date, and the deadline has not been extended.

SBI Home Loan Rate Offer:

Deadline: December 31, 2023

Status: Not Extended

SBI’s home loan festive offer, providing loans at 8.40% per annum with a 0.17% processing fee, was applicable until December 31 and has not been extended.

Bank of Baroda’s Festive Offer:

Deadline: December 31, 2023

Status: Not Extended

Bank of Baroda’s ‘BOB Ke Sang Festival Ki Umang’ campaign concluded on December 31, and the offer has not been extended.

UPI ID Usage:

Deadline: Not Specified

Status: Not Extended

UPI IDs that remained unused for a year might have been closed. The deadline for UPI ID usage has not been extended.

Deadlines Extended:

SBI Amrit Kalash Deadline:

Original Deadline: December 31, 2023

Extended Deadline: March 31, 2024

SBI’s Amrit Kalash Yojana, a special FD scheme, was originally set to conclude on December 31, 2023. The deadline is now extended to March 31, 2024, offering a 7.10% interest rate.

MF, Demat Nominee Deadline:

Original Deadline: December 31, 2023

Extended Deadline: June 30, 2024

The last date for providing a nominee option for existing demat account holders and mutual fund unit holders was initially December 31, 2023. This deadline is now extended to June 30, 2024.

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