Financial Works 31 Before March 2023: The month of March has started and this month you have to complete many tasks related to your money. If you do not settle your work before the 31st, then you may suffer a big loss in the form of a fine. There are many important works in this from PM Vaya Vandana Yojana to PAN Aadhaar linking. You have to settle by 31st March at any cost. If you do not do this then you may have to face loss in the form of a heavy fine. Because March is very important from the economic point of view and it is the last month of this financial year. If you have not yet done the PAN-Aadhaar link, PM Vaya Vandana Yojana, and tax planning, then you may suffer a huge loss in the form of a heavy fine. Tell us which financial works are expiring on March 31, 2023.
PM Vaya Vandana Yojana
If you are also thinking of investing money in the government scheme PM Vaya Vandana Yojana, then this is your last chance. This scheme is very beneficial for senior citizens. In this, a pension is received from the government. You can invest in this government scheme only till 31 March 2023. At present, the government has not issued any official statement to continue this scheme.
Invest in sbi scheme
If you want to take advantage of higher interest by investing in SBI's new FD scheme Amrit Kalash Yojana, then you have a chance till March 31. In this scheme of SBI, you will get interested at the rate of 7.6 per cent. In this scheme of SBI, you can get good returns by investing only for 400 days.
Link pan with aadhaar
You have only time till March 31 to link your PAN with your Aadhaar. Please tell me that for this you will have to pay a late fee, but you link it by the 31st otherwise you will not be able to pay income tax. Because your PAN number will be inactive from 1st April.
Last chance for tax planning
If you want to save tax in this financial year, then you have a chance till the 31st. After this, you will not be able to take advantage of the deduction by investing in any tax-saving scheme. For this, you can invest money in many schemes like PPF, NPS, and Sukanya Samriddhi in time. After this, you will not be able to take advantage of tax exemption for this financial year.
Mutual fund scheme
If you have not yet made a nomination in the mutual fund scheme, then you should also complete this work by March 31. The fund house has asked all investors to update it. If you do not make the nomination, then your mutual fund folio will be frozen, so you should complete this work by March 31.