Filing ITR To Aadhaar Updation: Important Financial Deadlines You Should Not Miss In December 2023

December 2023 is a month for different financial deadlines i..e this is the month when the deadline for various financial tasks ends and many money changes come into being. Some of the important money related to-do-things that you should complete before the December month ends include free updation of Aadhaar, updating the nominee name for Demat account holders and Mutual fund scheme, bank locker agreement, filing belated Income Tax Return (ITR), and the list goes on. Additionally, important money changes that you should be aware of in December 2023 include changes to lounge access on HDFC Bank's Regalia credit card, new SIM card rules, and new updates on Inactive UPI IDs.

As we are just one month away from entering into the new year, it is always considered good if we spare some time to review our finances and keep ourselves updated with the latest changes happening in the financial space.
Let us now look into each of the money changes and check the last date for our financial tasks to avoid any losses at a later stage;

Last date to update Aadhaar for free:

December 14 is the deadline if you want to update your Aadhaar Card free of cost. If you are someone who hasn't updated your Aadhaar Card for a decade, here is an opportunity for you, and that too free of cost. The Unique Identification Authority of India (UIDAI) has extended the last date for updating Aadhaar card details free of cost till December 14, 2023.

Mutual Fund/Demat Account Nominee Update Last Date Is December 31

The deadline for Demat account holders and for mutual fund unit holders to provide a choice of nomination is December 31. On September 26, the market regulator Securities and Exchange Board of India (SEBI) extended the deadline for existing demat account holders to provide a choice of nomination by another three months to December 31, 2023.

Deadline To Submit Jeevan Pramaan Patra Is Today (November 30)

Attention! The deadline to submit Jeevan Pramaan Patra is November 30. For both central and state government pensioners, it is vital to submit the life certificate by today to ensure the uninterrupted flow of pension payments.

Inactive UPI IDs:

In a circular dated November 7, the National Payments Corporation of India (NPCI) asked payment apps and banks to deactivate the UPI IDs and numbers that have been inactive for over one year. Every bank and third-party app has to follow these till December 31.

Bank locker agreement

According to the RBI, new rules for safe deposit lockers make it mandatory for customers to sign a new agreement with their banks. Customers can only use the locker as long as they pay the rent. The last date for the agreement is December 31, 2023.

File your revised or belated returns

The last day to file revised returns or belated returns is December 31, 2023. This, if you haven't filed your revised income tax return, do it now.

Money Changes In Dec 2023:

Changes to HDFC Bank's Regalia credit card

HDFC Bank has changed some rules for its Regalia Credit Card. From December 1, 2023, the lounge access program for the Regalia Credit Card will be based on the cardholder's spending. Cardholders spending Rs 1 lakh or more in one calendar quarter are allowed to avail up to two complimentary lounge access vouchers as part of the quarterly milestone benefit.

Revised timeline for IPOs

The market regulator Securities and Exchange Board of India (SEBI) has reduced the timeline for listing of IPOs from T+6 days to T+3 days. The new timeframe will become mandatory for all the issues after December 1.