Four Money Deadline in July: Application for higher EPS pension and TCS on foreign remittances including SBI investment schemes etc. deadline has been extended. This has brought great relief to the people.
The deadlines for some schemes related to money have been extended and are now coming in the month of July. Here are the deadlines that have been extended and their new dates have been released. These include Higher EPS Pension, TCS on Foreign Remittance and SBI Investment Schemes. In such a situation, to avoid any problem at the last moment, the people taking advantage of the schemes must complete the related work before time.
EPS Higher Pension
Employees’ Provident Fund Organization (EPFO) has extended the deadline for choosing higher pension till July 11, 2023. EPFO has once again extended the deadline for applying for higher pension for EPS subscribers. EPS members have been given 11 more days to make joint application for higher pension. EPFO has also provided three months time to the employers to upload the salary details online.
Higher TCS rate on foreign remittances
Budget 2023 has increased the Tax Collected at Source (TCS) on foreign remittances through the Liberalized Remittance Scheme (LRS) from the existing 5 per cent to 20 per cent, except in certain cases. The new TCS rates were to be implemented from July 1, 2023, but now the deadline has been extended to October 1, 2023.
SBI We Care
State Bank of India (SBI) has extended the last date for senior citizens to invest in its special Fixed Deposit (FD) scheme. According to the SBI website, the deadline for investing in SBI WeCare Senior Citizen FD has been extended till September 30. The minimum investment period is 5 years and the maximum period is 10 years. The bank gives 7.50% interest rate to the investors.
SBI Amrit Kalash FD
State Bank of India (SBI) has extended its ‘Amrit Kalash’ special FD scheme for retail customers. SBI Amrit Kalash scheme has been extended till 15 August 2023. Earlier this scheme was valid for investment till June 30. According to the SBI website, it offers an interest rate of 7.1% for regular customers and 7.6% for senior citizens on FDs with a tenure of 400 days.
