PPF-SSY Rule Change: The rules have been changed by the government for those investing in these schemes. PAN and Aadhaar have been made mandatory for investors in all these schemes.
PAN-Aadhaar Card: If you also invest in Public Provident Fund (PPF), Senior Citizen Saving Scheme (SCSS), Sukanya Samriddhi Yojana (SSY), Mahila Samman Yojana and Post Office keeping in mind the future of the family, then this news is of your use.
The rules have been changed by the government for those investing in these schemes. In all these schemes run by the government, PAN (PAN) and Aadhaar (AADHAAR) have been made necessary for the investors.
Must submit Aadhaar Enrollment Number
In the notification issued by the Finance Ministry, it was said that these changes will be used as KYC for the Small Savings Scheme issued by the government. Earlier, you could deposit in all these savings schemes even without Aadhaar number. On behalf of the Finance Ministry, it was said that before making any kind of investment, investors will have to submit the Aadhaar enrollment number. Also, PAN card will have to be shown for investment above a limit.
Aadhaar number will have to be given within six months.
If you do not have Aadhaar while opening an account for post office savings scheme, you will have to submit proof of enrollment slip for Aadhaar. Also, to link the investor with the investment of ‘Small Savings Scheme’, the Aadhaar number will have to be given within six months from the date of opening the account. Now you will need these documents while opening the Small Savings Scheme account-
- Passport size photo
- Aadhaar number or Aadhaar enrollment slip
- PAN number, if existing investors do not submit PAN card and Aadhaar card by 30 September 2023, then their account will be banned from 1 October 2023.
