Many financial deadlines were extended by their respective departments in September. However, there are a few money deadlines that have not been extended and from October 1, 2023, the new rules have come into force. Here is a list of deadlines that have been extended, and a few that have not been extended.
- Demat nomination
The Securities and Exchange Board of India (SEBI) has extended the time for trading and demat account holders to make nominations or opt out of a nomination. The revised deadline is December 31th, 2023. Also Sebi has relaxed the rules with regards to adding a nomination for the trading accounts by making it a voluntary requirement. For those holding physical shares also, the timeline for submission of PAN, nomination, contact details, bank account details etc have been extended to December 31. - Mutual Fund nomination
The Securities and Exchange Board of India (SEBI) has extended the time for adding nominations or opt out of a nomination for mutual fund unit holders. The deadline to comply with the nomination standards has been extended by three additional months by Sebi, from October 1, 2023, to January 1, 2024. - IDBI Amrit Mahotsav FD
Under the Amrit Mahotsav FD scheme of 375 Days, the bank offers interest rate of 7.10% to general, NRE and NRO. For senior citizens, the bank offers 7.60%. The bank offers an interest rate of 7.15% to general citizens and 7.65% to senior citizens under 444 days under the scheme. The scheme is now extended to October 31, 2023. - Rs 2000 exchange deadline
The Reserve Bank of India has extended the deadline to exchange, deposit Rs 2000 notes to October 7, 2023 from September 30, 2023. As per an RBI press release dated September 30, 2023: As the period specified for the withdrawal process has come to an end, and based on a review, it has been decided to extend the current arrangement for deposit / exchange of Rs2000 banknotes until October 07, 2023.
