Submit Aadhaar by this date or your PPF, NSC, SCSS investments will be frozen
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Have you invested in PPF, NSC, or any small savings scheme?
Have you invested in the Public Provident Fund (PPF), National Savings Certificate (NSC), or other post office savings schemes? If yes, then you must ensure that you have submitted your Aadhaar card number to the post office or bank branch by September 30, 2023,
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Your account will be frozen if you do not...
If you do not submit your Aadhaar details by September 30, 2023, then your investments in the small savings schemes will be frozen till the time you submit your Aadhaar number.
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What happens when your post office investments are frozen
1) Interest will not be credited to the investor’s bank account wherever it is due.
2) An individual may not be able to deposit money into their PPF or Sukanya Samriddhi Accounts.
The maturity amount will not be credited to the investor’s bank account.
2) An individual may not be able to deposit money into their PPF or Sukanya Samriddhi Accounts.
The maturity amount will not be credited to the investor’s bank account.
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What Finance Ministry said
Through a notification dated March 31, 2023, the Ministry of Finance has made Aadhaar details mandatory for investing in small savings schemes."If a depositor has already opened an account and has not submitted his Aadhaar number to the Accounts Office, he shall do so within six months with effect from the 1st day of April 2023," the notification mentioned.
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Do it right now
The expiry of six months will be on September 30, 2023. So you must submit your Aadhaar details to the post office or bank branch by September 30 deadline.