PPF and SCSS Investors: Big news! Do this work quickly otherwise the account may get frozen

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According to the guidelines, investors of Senior Citizen Savings Scheme, Public Provident Fund (PPF), National Savings Certificate have to submit their Aadhaar number in the post office or bank branch before September 30.

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If you have invested in any small savings scheme of bank or post office, then this news is for you. According to the guidelines of the Finance Ministry, investors of Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF), National Savings Certificate (NSC) or any other small savings schemes should submit their Aadhaar number to the post office or bank branch before September 30. Have to deposit.

If Aadhaar number is not provided by this date then your small savings account can be frozen. Let us tell you that the Finance Ministry has made Aadhaar and PAN mandatory for PPF, NSC and other small savings schemes. This notification is applicable from March 31, 2023 only.

Today is the last date for PAN-Aadhaar submission

According to this notification issued by the Ministry of Finance, “If a depositor has already opened an account in these savings scheme but has not submitted his Aadhaar number to the concerned office, he shall do so within a period of 6 months from April 1, 2023.” should have to.” Explain that the period of 6 months will end on September 30, 2023.

May have to face such consequences

1. Whatever interest is being earned on your investment will not be credited to your bank account.
2. You will not be able to invest in your PPF or Sukanya Samriddhi accounts.
3. The maturity amount will not be credited to your bank account.
4. If the investor fails to submit the Aadhaar number within 6 months, his account will remain inactive until he provides the Aadhaar number to the concerned office.

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