Government Small Savings Schemes New Rules: If you have also invested money in any government scheme like Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), then this news is important for you to know.
If you have also invested money in any government scheme like Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), then it is important for you to know this news. The government has changed the rules for those investing in these schemes. Now if you are also planning to invest in any of these government schemes, then without PAN and Aadhaar card, you will not be able to take advantage of it.
Ministry of Finance has issued notification
The Ministry of Finance had issued a notification regarding this some time ago. It was told in this notification that small government savings schemes will be used as KYC. Apart from this, the Finance Ministry has said that investors will have to give Aadhaar number first to make any further investment. Apart from this, PAN card will have to be shown to invest more than the limit. Without PAN card you will not be able to invest.
Given time of 6 months
If you have not given Aadhaar while opening account for Post Office Savings Scheme, you will have to submit proof of enrollment slip for Aadhaar. Also, the investor will have to give Aadhaar number within 6 months of opening the account ie investing in small savings scheme. Let us tell you what documents you will need to open an account in the small savings scheme from now on.
You will have to provide Aadhaar number or Aadhaar enrollment slip.
Along with this, passport size photo should also be there.
PAN number, if existing investors do not submit PAN card and Aadhaar card by 30 September 2023, their account will be banned from 1 October 2023.
