7 Financial Deadlines ending September 2023, read this to avoid huge losses

Last Updated on September 17, 2023 by Brajesh

Alerts : 7 Financial Deadlines ending September 2023 which is important for taxpayers, investors, senior citizens, and other individual too.

Financial Deadlines ending September 2023:

September 2023 is very important for you to mark few works which needed to be completed by 30th September 2023 or else you may incur huge losses or end up giving high penalty. Hence you need to put this work in your timeline to finish it off this moth by reading this article carefully on Financial Deadlines ending September 2023.

Here are the list of 7 important financial deadlines which every individual must meet to avoid penalty or heavy losses

₹2000 denomination notes: Deposit/Exchange

₹2000 denominated currency were already been withdrawn from circulation by Reserve Bank Of India. RBI through its circular notifies 30th September 2023 as last date for exchange or deposit of ₹2000 denominated currency in banks.  If in case you have this currency in you hand then hurry up to deposit it into your bank account or you can also exchange the same from bank counter. After 30th September 2023, ₹2000 notes have no market value.

While visiting any branches you should note bank holiday for the month of September 2023.

Financial Deadlines ending September
Financial Deadlines ending September


Exchange of ₹ 2000 Currency , note the holiday

SBI WE Care Fixed Deposit

This is the last month to apply for State Bank OF India, SBI We Care Deposit for senior citizen which provide higher interest rates on FD’s This scheme has been extended to 30th September and is available on new deposit as well as renewal of maturing deposit.  SBI We Care Deposit helps senior citizen to earn .5% higher interest rates then normal rates on Fixed deposit. So if you are a senior citizen and you have some surplus fund or planning to open a new fixed deposit then hurry up as as financial deadline ending September 2023 for opening of SBI We Care Fixed Deposit.

IDBI Amrit Mahotsav FD Scheme

Under IDBI Amrit Mahotsav scheme IDBI bank offer its senior citizen with a special interest rate of 7.65 % on FD while the banks also allows its regular NRE or NRO customers an interest rate of 7.1% on special FD under Amrit Mahotsav scheme. Premature withdrawal is also allowed with a very small amount of penalty. IDBI has already extended IDBI Amrit Mahotsav FD scheme to 30th September 2023, hence hurry up if you are planning to open you FD account with IDBI Bank.

Advance Tax payments due date

For Financial Year 2023-24 , due date for payments of advance tax is 15th June , 15th September, 15th December and 15th March. So going by this 15th September 2023 is your due date for payment of second installments of advance tax. As per income tax act, 45% of tax liability computed on estimated income of FY 23-24 needed to be deposited by 15th September. Hence if you have not deposited any tax liability eventhough you will end up earning huge profit for 2023-24 then hurry do an estimated calculation and deposit the tax by this 15th September 2023.

Aadhar updation or linking in Small Saving Scheme

From 1st October 2023 accounts of existing customers having small saving scheme like Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), National Savings Certificate (NSC), or Sukanya Samriddhi Yojana (SSY) and other post office plans will be freezed or suspended if customers failed to furnish Aadhar details to bank having those accounts. Still 2 weeks are left to avoid this issue of suspension of your accounts.

Demat MF nomination

The Securities and Exchange Board of India (SEBI) has extended the deadline to furnish nominees or to opt out of nominations in Trading or Demat account . Extended date of filing nomination or to opt out of nomination has been kept as 30th September 2023.

Mutual Fund (MF) nomination

Mutual Fund investors should also ensure to give nominees details or to opt out of nomination before 30th September 2023 for their mutual fund folios. In case if it is not done then their will be some restriction imposed on transaction like redemption, systematic withdrawal etc.

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