Here is a look at 5 paisa-related changes that will come into effect in December.
1) SBI credit card EMI transactions will become costlier
From December 1, SBI credit card holders will be charged a processing fee of Rs 99 in addition to tax for EMI transactions.
From December 1, 2021, India’s largest bank, State Bank of India (SBI), will charge a processing fee on EMI transactions. Processing charges will be levied for all EMI purchase transactions done at merchant outlets, e-commerce websites and apps using SBI credit cards.
The credit card company, in an email sent to customers today, said: Dear cardholders, we would like to inform you that with effect from December 01, 2021, the processing fee will be Rs. 99+ applicable taxes will be levied on all Merchant EMI transactions done at the Merchant Outlet/Website/App. We thank you for your continued patronage. Please click here to know more about Merchant EMI processing fee.
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SBI Credit Card will charge Rs 99 + tax on all EMI purchases from 1st December
2) PNB cuts interest rate on savings accounts
PNB reduced the interest rate on savings account deposits by 10 basis points (bps) for account balance below Rs 10 lakh and 5 basis points (bps) for account balance of Rs 10 lakh and above to 2.80, respectively. percent per annum. The new interest rates of 2.85 per cent per annum will be effective from December 1, 2021. These interest rates are applicable to both domestic and NRI savings accounts.
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PNB cuts interest rate on savings accounts: View details
3) Last date for submission Jeevan Pramaan Letter
Deadline for government pensioners to submit their annual life certificate (or life certificate) is November 30. For private sector employees receiving pension from the Employees’ Provident Fund Organization (EPFO) under the Employees’ Pension Scheme (EPS) of 1995, the deadline for submission of life certificates is different. For those receiving pension from EPS, the life certificate is valid for one year from the date of submission.
To continue receiving benefits, retirees must submit their Annual Life Certificate before the deadline of each year; If they do not do so by the deadline, their payment will be terminated the following month.
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November 30 is not the last date for giving annual life certificate or life certificate for all
4) Aadhaar-UAN linking deadline
Employees Provident Fund (EPF) account holders must add their link UAN with them Aadhaar Number for your employer to deposit EPF contribution in your account. If your UAN is not linked with Aadhaar by November 30, 2021, your employer will be unable to deposit the monthly EPF contribution in your EPF account. Also, withdrawals from your EPF account will be restricted until your UAN is confirmed and linked to your Aadhaar number. Click here to know how to link your Aadhaar and UAN.
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Aadhaar-UAN linking deadline extended till November 30
5) Deadline for filing ITR
NS Income tax The deadline for the return (ITR) for the financial year 2020-21 is December 31, 2021. The deadline was extended till December 31 due to glitches on the new income tax portal, making it difficult for many taxpayers to complete their ITR filing process.
This is the second time this financial year that the government has extended the ITR filing deadline for individuals whose accounts are not required to be audited. Earlier, due to the second wave of COVID-19, the deadline for filing ITR was extended by two months to September 30, 2021 from the normal deadline of July 31.