Small Savings Schemes: Big change in the rules of Sukanya-PPF, if these documents are not submitted then the account will freeze
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In the notification issued by the Ministry on March 31, it has also been said that PAN or Form 60 will have to be submitted while opening the Small Savings Scheme account. If for any reason PAN is not submitted at the time of opening the account, it has to be submitted within two months. It has been said in the notification that if the balance in the account is more than Rs 50,000 or all types of credit in a financial year are more than one lakh or the amount of withdrawal and transfer in a month is more than ten thousand, then PAN deposit It will be necessary to do If the PAN is not submitted within two months, the account will be frozen. It has been said in the notification that the post office or bank may also ask for more documents at the time of investment. Existing subscribers will also have to submit their Aadhaar number by September 30, 2023. If he does not do this, his account will be frozen on October 1, 2023.
what to give
Earlier there was no need to provide PAN or Aadhaar. Water, electricity, telephone bill, municipal tax receipt, property tax receipt, pension or family pension order used to work. But now it is necessary to provide a passport size photograph, Aadhaar number or Aadhaar enrollment slip and PAN to open an account in small savings schemes. The government has increased interest on small savings schemes by up to 70 bps for the first quarter of the new financial year. It has been increased by 70 bps on NSC while it has been increased by 40 bps on Sukanya Samriddhi and 20 bps on Senior Citizen Savings Scheme. There has been no change in interest on PPF.
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