7 Essential Personal Finance Tasks To Complete In March

Syed Muskan

Minimum Investment In PPF and SSY Deposits Is A Must

The deadline for this FY for investors who have invested in the PPF and Sukanya Samriddhi Yojana is March 31, 2024. If one is planning to switch tax regimes for the fiscal year 2023-24, with the aim of getting higher income tax exemptions, then investing in these schemes for the year should not be considered.

invest

Paytm Payments Bank Deposit Deadline

March 15, 2024, is the last date for deposit and top-up services for Paytm Payments Bank customers, with a complete halt in banking operations from then on. Prepaid instruments, wallets, FASTags, or NCMC cards will not work after March 15, 2024.

Paytm

Free Aadhaar Update Deadline

The opportunity for free Aadhaar updates will end on on March 14, shifting to a paid service thereafter. Individuals must get this done promptly to avoid additional charges.

Aadhaar

Filing Updated ITRs

The deadline to file an updated income tax return (ITR) for AY 2021-22 is March 31. So, taxpayers who missed filing it for the said financial year or may have missed reporting any income or given incorrect income can file an updated ITR.

ITR

Fourth Advance Tax Installment

Taxpayers must submit the fourth instalment of advance tax by March 15, 2024, to avoid financial penalties imposed under section 234C.

Tax

Special Fixed Deposit Schemes

SBI and DBI Bank are currently providing special fixed deposit schemes with attractive interest rates valid until March 31, 2024.

Fixed Deposit

FASTag KYC Update Extension

The NHAI has decided to prolong the deadline for FASTag KYC compliance until March 31, 2024. Failure to comply with the KYC requirements will result in the deactivation of FASTags.  

Compiled by Syed Muskan

KYC