PC: tv9hindi
If you invest in small savings schemes then today 30th September is important for you. If you have not updated your Aadhaar details in schemes like PPF and Sukanya Samriddhi Yojana, it is important to complete it today. Because the last date to update Aadhaar details in these small savings schemes is today. If you miss this deadline, your account may be frozen. Let us see which schemes require you to update your Aadhaar details.
The government has set September 30, 2023, as the deadline to update Aadhaar details in small savings schemes like PPF, SSY, and NSC. If you have not updated your Aadhaar details in these schemes, your accounts may get frozen. After this, these accounts will remain frozen until you update your Aadhaar information.
Consequences of account freezing:
If you fail to update the Aadhaar details in your account, the post office will freeze it. In such a situation, customers may have to face huge losses. Once the account is frozen, you will not be able to deposit money in your SSY or PPF account and the government will also not provide interest benefits. It is important to complete this work before the deadline ends.
Why is Aadhaar necessary?
The Finance Ministry issued a notification on March 31, 2023, stating that both Aadhaar and PAN are now mandatory for investing in small savings schemes like PPF, SSY, and NSC. Starting April 1, 2023, this information is required to be updated in all newly opened accounts. For accounts opened before April 1, if this information has not been updated, the deadline to do so is September 30. After this, such accounts will be frozen from October 1. These accounts will also need to be reactivated after updating Aadhaar and PAN details.
