In this episode of Invest Smart, PV Subramanyam CEO, Subramoney and Editorji's Avni Raja discuss some of the common mistakes that investors make and how to avoid them

Invest Smart: Mistakes that investors must avoid 

<p>In this episode of Invest Smart, PV Subramanyam CEO, Subramoney and Editorji's Avni Raja discuss some of the common mistakes that investors make and how to avoid them</p>

<p>In the ever-changing landscape of investments, avoiding pitfalls is crucial for safeguarding your hard-earned money. In this episode of Invest Smart, seasoned financial expert PV Subramanyam sheds light on some of the most common mistakes investors make, potentially jeopardizing their financial stability. In this article, we break down Subramanyam's insights to help you navigate the intricate world of investments wisely.</p>
<p>One of the most significant mistakes investors make is venturing into the market without adequate knowledge. Subramanyam emphasized the importance of understanding your investment goals and knowing whether to seek professional advice. Blindly investing based on blogs or videos, especially for substantial sums, can lead to significant financial losses.</p>
<p>Distinguishing between investing and trading is vital. Investors generally have a long-term perspective, allowing them to weather market fluctuations. Traders, on the other hand, engage in frequent buying and selling, requiring constant vigilance. Being clear about your approach helps you make appropriate decisions aligned with your risk tolerance, he added.&nbsp;</p>
<p>Your investment horizon significantly impacts your asset allocation. Subramanyam said short-term goals might necessitate a more conservative approach, involving a mix of equity and debt. For long-term goals, equities are a preferred choice, given their potential for higher returns over extended periods, despite market volatility.</p>
<p>Another important aspect as per Subramanyam is to assume that inflation will always remain stable. He emphasized that your investment returns must consistently outpace inflation to preserve your purchasing power. Failing to do so could erode your wealth over time.</p>
<p>Successful investing requires a combination of knowledge, patience, and emotional discipline. By understanding these common pitfalls investors can make informed decisions, safeguarding their financial futures.</p>

Indian Startup Layoffs: Despite a recent layoff slowdown, 13,000 positions vanished in 2023, partly due to silent layoffs. Well-known firms like Byju’s and Dunzo intensified this trend

Indian Startup Layoffs: Since the start of 2022, Indian startups have laid off 30,000 jobs

Despite a recent layoff slowdown, 13,000 positions vanished in 2023, partly due to silent layoffs. Well-known firms like Byju’s and Dunzo intensified this trend

<h2>Despite a recent layoff slowdown, 13,000 positions vanished in 2023, partly due to silent layoffs. Well-known firms like Byju&rsquo;s and Dunzo intensified this trend</h2>

<p>Indian startups have faced a significant workforce reduction, with over 30,000 employees being laid off since the beginning of 2022. According to Moneycontrol, approximately 95 startups have implemented these measures, aiming to cut costs and prioritize profitability.</p>
<p>Although there has been a slight slowdown in layoffs in recent months, the situation remains concerning. In 2023 alone, 49 startups have let go of nearly 13,000 employees, with the actual numbers potentially higher due to silent layoffs becoming a common practice among startups.</p>
<p>The trend has been intensified by successive rounds of layoffs carried out by various startups, including prominent names like Dunzo, Byju&rsquo;s, and Cuemath. Byju's recently announced a significant restructuring effort, potentially eliminating 4,000 to 5,000 jobs, bringing their total layoffs to about 10,000 since the start of 2022.</p>
<p>In a recent development, Fi, a neobanking startup backed by investors like Peak XV, Temasek, and Alpha Wave Ventures, is laying off 10% of its workforce to extend its cash runway amid a challenging funding landscape.</p>
<p>Despite the challenges, the funding winter continues to impact the startup ecosystem. Indian startups raised $376 million in private equity and venture capital funding in August 2023, down from $523 million in July.</p>
<p>This decline comes despite significant funding rounds, such as Zepto&rsquo;s $200 million fundraising, highlighting the industry-wide struggle to secure investments.</p>
<p><strong>Also Watch: <a href="https://www.editorji.com/business-news/byju-s-undergoes-major-restructuring-under-new-ceo-potential-job-cuts-of-5-000-1695785162393">Layoffs 2023: Byju's undergoes major restructuring under new CEO, potential job cuts of 5,000</a></strong></p>

The Rs. 2,000 Note exchange deadline ends on September 30, 2023. Will the deadline be extended? Know all the details here.

Last 2 days left to exchange ₹2,000 notes; Will deadline be extended? What will happens next?

Last 2 days left to exchange ₹2,000 notes; Will deadline be extended?

<h2>On May 19, the central bank had announced the withdrawal of Rs 2,000 currency bills from circulation</h2>

<p>The deadline for depositing or exchanging Rs 2,000 currency notes is just two days away.</p>
<h3><strong>Will the deadline be extended?</strong></h3>
<p>As of now, the deadline to exchange or deposit the 2000 rupee notes is 30th September. However, some experts and bankers are of the opinion that the deadline could be extended to try and ensure the withdrawal of the currency notes as close to 100% as possible.</p>
<h3><strong>Rs 2,000 Notes to exchange or deposit after September 30: What will happen Next?</strong></h3>
<p>A report by Moneycontrol says that RBI may extend the deadline till the end of October for the return of the 2000 rupee notes. The report quotes a senior official familiar with the development, "It looks like the RBI will extend the date for deposit and exchange of Rs 2,000 notes by at least for a month because it has to factor in the non-resident Indians as well as others living overseas."</p>
<p>As of now, approximately ₹24,000 crore worth of the notes are still in circulation. As of September 1, the central bank reported that Rs 2,000 banknotes worth Rs 3.32 lakh crore, which is 93% of the currency notes in circulation, had returned to the banking system.</p>
<p>On August 31, the remaining Rs 2,000 notes in circulation amounted to Rs 0.24 lakh crore. By July 31, <a href="https://www.editorji.com/business-news/2000-note-exchange-88-of-2-000-notes-returned-to-banks-1690897977225" target="_blank">88% of 2000 notes, worth Rs 3.14 lakh crore</a>, had been returned.</p>
<p>On May 19, the Reserve Bank of India (RBI) had issued an order to withdraw the denomination and set September 30 as the last date for individuals to deposit or exchange their Rs 2,000 notes. It's important to note that Rs 2,000 banknotes will continue to be legal tender even after September 30, 2023.</p>

Air India Cabin Crew Uniform: Air India CEO and MD Campbell Wilson said the airline is working closely with fashion designer Manish Malhotra and his team for new uniforms.

Air India Cabin Crew Uniform: Air India collaborates with designer Manish Malhotra for new uniforms

Air India collaborates with designer Manish Malhotra for new uniforms

<h2>Air India CEO and MD Campbell Wilson said the airline is working closely with Malhotra and his team to combine elements of "our brand, our heritage and our culture".</h2>

<p><strong>Air India Cabin Crew Uniform</strong>: Tata Group-owned Air India has entered into a collaboration with renowned fashion designer Manish Malhotra to create fresh uniforms for its extensive workforce, which includes over 10,000 flight crew, ground staff, and security personnel.</p>
<p>As part of Air India's ongoing modernization efforts and the evolution of its global brand identity, the airline intends to introduce the new uniforms to its employees by the conclusion of 2023, according to a statement released by the airline.</p>
<p><strong>Also read/watch: <a href="https://www.editorji.com/business-news/yatra-online-shares-drop-over-10-on-debut-trade-1695906716755">Yatra online shares drop over 10% on debut trade</a></strong></p>
<h3><strong>Manish Malhotra designs Air India Cabin Crew New Uniform</strong></h3>
<p>Designer Manish Malhotra and his team have initiated the process by engaging with Air India's frontline staff. They are conducting discussions and fitting sessions to gain insights into the unique requirements and preferences of the airline's personnel.</p>
<p>Air India's CEO and Managing Director, Campbell Wilson, expressed that the airline is collaborating closely with Manish Malhotra and his team to blend elements of their brand, heritage, and culture with the specific needs of the airline industry. The goal is to create a fresh and captivating new look that mirrors and represents the evolving Air India brand.</p>

Gamezop's co-founder said that the company may plan for an IPO in 2025 or 2026

Startup To Scaleup | Spotlight on Gamezop, a plug-and-play gaming platform for apps/sites

Startup To Scaleup | Spotlight on Gamezop, a plug-and-play gaming platform for app integration

<h2>Gamezop's co-founder said that the company may plan for an IPO in 2025 or 2026</h2>

<p>The casual gaming industry in India is expected to experience strong growth in the coming years. One Indian startup making waves in this space is Gamezop. For the seventh episode of our series 'Startup to Scaleup,' we interviewed Gamezop's co-founder, Gaurav Agarwal.</p>
<p>Delhi-based Gamezop is a multi-game, plug-and-play platform that has partnered with various social media, e-commerce, video streaming, and payment platforms such as Myntra, Grofers, ShareChat, MX Player, and PhonePe, offering games for dedicated gaming sections on these platforms.</p>
<p>In this conversation, Agarwal took us through the details of Gamezop's unique B2B business model. He told us how any gaming company across the world could be a potential competitor, though the mechanism used by Gamezop is different from all of them.</p>
<p>He also shared details of Gamezop's revenue picture in the free-to-play casual gaming market, which is powered by advertising. According to market research firm Statista, this market was valued at Rs 3,600 crore in FY21.</p>
<p>Furthermore, Agarwal shared Gamezop's expansion plan, stating, 'With approximately 7,000 distribution partners in our network, we've successfully expanded our offerings beyond gaming. Exploring content verticals is a key aspect of our expansion strategy, and we are actively pursuing geographical growth.'</p>
<p>Not only this, but he also mentioned that Gamezop is considering the possibility of an Initial Public Offering (IPO) due to its impressive profitability and sustained growth.</p>
<p>In addition to discussing the business's numbers, Avni Raja also talked with Gaurav Agarwal about working with his brother as a business partner. To that, the Gamezop co-founder said, 'It's been the most rewarding part.'</p>

An all-cash deal, Saregama will initially acquire 51.8% stake in Pocket Aces for Rs 174 crore. Over the next 15 months Saregama will acquire an additional 41% stake. 

 Saregama India acquires 51.8% stake for Rs 174 crore in Pocket Aces, a digital entertainment company

An all-cash deal, Saregama will initially acquire 51.8% stake in Pocket Aces for Rs 174 crore. Over the next 15 months Saregama will acquire an additional 41% stake. 




<h2>An all-cash deal, Saregama will initially acquire 51.8% stake in Pocket Aces for Rs 174 crore. Over the next 15 months Saregama will acquire an additional 41% stake.&nbsp;</h2>

<p>RP-Sanjiv Goenka Group-owned music label Saregama is set to acquire a digital entertainment company - Pocket Aces Pictures Pvt Ltd.</p>
<p>A statement announcing the deal says that, initially Saregama India will acquire 51.8% stake for Rs 174 crore with a clear path to acquire another 41% stake over the next 15 months at pre-agreed multiples. The transaction is an all-cash deal.</p>
<h3><strong>Saregama India Acquisition</strong></h3>
<p>This acquisition will further strengthen Saregama&rsquo;s strategic ambition to take a leadership position in New Music across all Indian languages, the statement said.</p>
<p>Acquiring Pocket Aces will add a whole new dimension of IP and a distribution network of over 95 million followers, which Saregama will leverage to further popularize its music library among the 18-35 audience segment. It will also create synergies across the artiste &amp; influencer management and long-format video&nbsp;<br>creation businesses of the two companies.</p>
<h3><strong>Avarna Jain, Vice Chairperson Saregama India</strong></h3>
<p>Avarna Jain, Vice Chairperson Saregama, said, "This acquisition signifies the confluence of tradition and innovation. While we have always been leaders in the realm of music and media, this partnership with Pocket Aces will add new dimensions to our business as we tap into the burgeoning young digital audiences."</p>
<h3><strong>About Pocket Aces Pictures Pvt. Ltd.</strong></h3>
<p>Pocket Aces is a youth-focused digital content creator and publisher, with an IP catalogue of over 3,000 content pieces ranging from web series and sketches to music videos and reels on its channels FilterCopy, Nutshell and Gobble. The company&rsquo;s talent management arm, Clout, manages over 100 digital influencers, and its long-form studio, Dice Media, has created web series for OTT platforms such as Netflix, Disney+ Hotstar, and Amazon Prime Video.&nbsp;</p>
<p>Pocket Aces&rsquo; revenue from operations stood at ₹104 crore in FY23. Revenue has grown by 34% CAGR over the last 4 years.&nbsp;</p>

The average price of 1 gram of 22K Gold stood at ₹5,365 while the cost for 24K gold prices stood at ₹5,853 and 1 kg silver stood at ₹74,700

Gold, Silver Rates today September 29, 2023: Check Prices in Mumbai, Delhi, Chennai, Kolkata

<h2>The average price of 1 gram of 22K Gold stood at ₹5,365 while the cost for 24K gold prices stood at ₹5,853 and 1 kg silver stood at ₹74,700</h2>

<p>Gold prices went down and Silver prices went up on the Multi Commodity Index on Friday.&nbsp;</p>
<p>The average price of 1 gram of 22K Gold stood at ₹5,365 while the 24K gold prices stood at ₹5,853.&nbsp;</p>
<p>The rate of 10 grams of 24K gold in Chennai stood at ₹58,800, which was followed by Delhi and Lucknow where the gold costs ₹58,680.&nbsp;</p>
<p>The average price of 10gm of Silver was at ₹747 and 1 kg of silver stood at ₹74,700.</p>
<p>However, in Chennai, Hyderabad and Kerala the metal was sold at ₹77,500, followed by Mumbai and Delhi where the metal was sold at ₹74,700</p>
<p><strong>Indian Major Cities 24 Carat Gold Rate per 10gm Today September 29</strong></p>
<p>Delhi - ₹58,680<br>Chennai - ₹58,800<br>Mumbai - ₹58,530<br>Kolkata - ₹58,530<br>Bengaluru - ₹58,530</p>
<p><strong>Indian Major Cities 1 KG Silver Rate Today September 29</strong></p>
<p>Delhi - ₹74,700<br>Chennai - ₹77,500<br>Mumbai - ₹74,700<br>Kolkata - ₹74,700<br>Bengaluru - ₹72,500</p>

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Asian Games 2023

Shares of Tesla have risen by 30.71% during the past month, giving Musk's fortune a boost

Elon Musk: World's richest man re-enters $200 billion club 

Elon Musk: World's richest man's fortune surpasses $200 billion

<p>Shares of Tesla have risen by&nbsp;30.71% during the past month, giving Musk's fortune a boost</p>

<p>One month after Billionaire Elon Musk's fortune fall below the French tycoon Bernard Arnault,&nbsp; Musk is the world's richest man again with more than $200 billion in net worth.<br><br>The move comes after Tesla shares surged to their highest level this year. After cratering to a two-year low in early January, Tesla shares are up nearly 115%, the third-largest return of any company in the S&amp;P 500, which is up 12% this year.</p>
<p>Musk's wealth has increased by $67.7 billion year-to-date as of June 5, according to the Bloomberg Billionaires Index.&nbsp;</p>
<p>In April, he was the second richest man in the world because his fortune fell well behind the French tycoon Bernard Arnault, whose net wealth was estimated at $211 billion at the time and now has fallen to $187 billion.</p>

The last date to exchange ₹ 2,000 notes at banks was extended till October 7, 2023, by RBI. Check out more detail on 200 note exchange last date. guidelines.

Breaking! Deadline to exchange 2000 notes last date extended; Check new date announced by RBI

₹2000 notes: RBI extends deadline for deposits, exchange of notes until 7th October 

<h2>Beginning October 8, 2023, banks will stop accepting ₹2000 banknotes for credit to accounts or exchange to other denomination banknotes, as per the RBI press release.&nbsp;</h2>

<p><strong>2000 Notes Exchange Date</strong>: The deadline for the exchange and deposits of the ₹2000 notes has been extended to the 7th of October 2023.</p>
<h3><strong>RBI on exchange of 2000 note last date extended</strong></h3>
<p>In a notification, the Reserve Bank of India said, "As the period specified for the withdrawal process has come to an end, and based on a review, it has been decided to extend the current arrangement for deposit/exchange of Rs 2000 banknotes until October 07, 2023.&nbsp;</p>
<h3><strong>RBI Press Release</strong></h3>
<p>RBI's press release also pointed out that out of the total value of ₹3.56 lakh crore of ₹2000 banknotes in circulation as on May 19, 2023, ₹3.42 lakh crore has been received back leaving only ₹0.14 lakh crore in circulation as at the close of business on September 29, 2023. This means that effectively 96% of ₹2000 notes have since been returned.</p>
<p>Importantly, the RBI has also reiterated that Rs 2000 banknotes will continue to be legal tender.</p>
<p>RBI's earlier deadline for deposits &amp; exchange of ₹2000 notes was September 30, 2023.&nbsp;</p>
<p>It was on May 19, RBI announced the withdrawal of Rs 2,000 currency bills from circulation as part of its clean-note policy.&nbsp;</p>
<p><strong>Also Watch: <a href="https://www.editorji.com/business-news/saregama-acquires-majority-stake-in-pocket-aces-a-digital-entertainment-company-1695923885378">Saregama acquires majority stake in Pocket Aces, a digital entertainment company</a>&nbsp;</strong></p>

End of WFH? TCS announces to stop work from home model policy from October 1, 2023 and asks employees to come to the office 5 days a week.

TCS WFH Ends! TCS abandons hybrid work model policy, mandates full office attendance from October 1

TCS abandons hybrid work, mandates full office attendance from October 1

<h2>Currently, TCS employees are required to be in the office for only three days a week</h2>

<p><strong>TCS WFH Ends</strong>: Tata Consultancy Services (TCS), India's largest IT company, is discontinuing its hybrid working policy. As per a report by CNBC-TV18, an internal communication was circulated earlier this month wherein the company has mandated that all employees must return to the office for five days a week, starting from October 1, 2023. Currently, employees are required to be in the office for only three days a week.</p>
<h3><strong>TCS Statement on WFH Ends</strong></h3>
<p>The official communication states, "As communicated by the CEO and Chief Human Resources Officer (CHRO) in various town hall meetings, it is now mandatory for all associates to be present in the office on all working days (5 days per week if there are no holidays) starting October 1, 2023."</p>
<h3><strong>TCS FY2023 Annual Report</strong></h3>
<p>In its FY23 annual report, TCS emphasized the importance of employees returning to the office. The report noted that more than half of the company's workforce was hired after March 2020, and these newer employees benefit significantly from physical interactions with senior colleagues and leaders to assimilate and learn from their behavior and ways of thinking.&nbsp;</p>
<p>It's worth noting that TCS allocates more than half of its revenue to cover employee benefits. In FY23, the company dedicated as much as 56.6 percent of its revenue to employee benefit expenses. TCS is the largest private employer in India, with a workforce of over six lakh (600,000) employees as of March 2023. Consequently, this change in policy may have a significant impact on a large number of employees who will now need to commute to the office.</p>
<p>Previously, in May 2020 during the first wave of the pandemic, TCS's then-CEO, Rajesh Gopinathan, introduced the "25x25 model," with the goal of bringing back 25 percent of the workforce to the office by the year 2025.</p>

ISRO's upcoming mission to Venus- Shukrayaan 1 is an orbiter mission for studying Venus's various features and activities. Check out its budget, launch date, and other details here.

Shukrayaan-1 Budget, Launch Date: ISRO's Mission to Venus after Chandrayaan-3 and Aditya-L1, What all you need to know

Shukrayaan-1 Mission: From launch date to budget, here's what you need to know

<h2>Shukrayaan 1 is an orbiter mission with advanced scientific instruments for studying Venus's various features and activities.</h2>

<p><strong>Shukrayaan-1</strong>: After achieving a historic milestone on August 23, 2023, by becoming the first nation to successfully land on the South Pole of the Moon, ISRO&rsquo;s next mission is Venus.</p>
<p>ISRO's Shukrayaan 1 mission, focused on Venus exploration, is scheduled for launch in December 2024. Remarkably, the concept for this mission was conceived back in 2012.</p>
<h3><strong>Shukrayaan-1 Budget</strong></h3>
<p>The upcoming ISRO mission to Venus, known as Shukrayaan 1, is projected to cost between ₹500 crore to ₹1,000 crore, depending on the level of instrumentation. S. Somanath, the chairman of the Indian Space Research Organisation (ISRO), provided this estimate.</p>
<h3><strong>Shukrayaan-1 Launch Date</strong></h3>
<p>Launching a mission from Earth to Venus at the optimal time occurs approximately every 19 months. ISRO has also identified alternative launch opportunities in 2026 and 2028.</p>
<p>The delay in launching Shukrayaan 1 from its originally planned mid-2023 schedule to December 2024 was attributed to the pandemic, which disrupted manufacturing processes and commitments to commercial launch services. This delay also had ripple effects on other ISRO projects, including Aditya L-1 and Chandrayaan-3.</p>
<p>Shukrayaan 1 is designed as an orbiter mission, equipped with advanced scientific payloads, including a high-resolution synthetic aperture radar and a ground-penetrating radar. These instruments will enable comprehensive research on Venus's geological and volcanic activities, surface emissions, wind patterns, cloud cover, and other planetary characteristics.</p>

Vedanta Demerger Plan: Vedanta to demerge its business units into 6 listed companies. Here is what shareholders will get from its demerger.

Vedanta Demerger Plan: Vedanta to create 6 listed companies with the aim to unlock value

Shareholders receiving 1 additional share of each of the five newly listed companies for every 1 share of Vedanta Limited they hold

<h2>Shareholders receive one additional share of each of the five newly listed companies for every 1 share of Vedanta Limited they hold.</h2>

<p><strong>Vedanta Demerger</strong>: Vedanta Limited, led by billionaire Anil Agarwal, has announced a significant move towards value creation by demerging its business units.&nbsp;</p>
<h3><strong>Vedanta to demerge business into 6 listed companies</strong></h3>
<p>The conglomerate plans to establish six separate listed companies: Vedanta Aluminium, Vedanta Oil &amp; Gas, Vedanta Power, Vedanta Steel and Ferrous Materials, Vedanta Base Metals, and Vedanta Limited.<br><br>This decision aims to create independent verticals for metals, power, aluminium, and oil and gas businesses.&nbsp;</p>
<h3><strong>Vedanta demerger plan</strong></h3>
<p>The demerger is structured as a vertical split, with shareholders receiving 1 additional share of each of the five newly listed companies for every 1 share of Vedanta Limited they hold. The move is anticipated to unlock the potential value of each business unit, allowing for faster growth and independent management strategies.</p>
<p>Anil Agarwal, Chairman of Vedanta, highlighted the rationale behind the decision, stating, &ldquo;By demerging our business units, we believe that will unlock value and potential for faster growth in each vertical. While they all come under the larger umbrella of natural resources, each has its own market, demand and supply trends, and potential to deploy technology to raise productivity.&rdquo;</p>
<p>The appointed leaders for the new entities include John Slaven for Vedanta Aluminium, Vibhav Agarwal for Vedanta Power, Chris Griffith for Vedanta Base Metals, and Arun Misra for Vedanta Limited.</p>
<p>The conglomerate, known for its diverse portfolio in metals and minerals, oil and gas, traditional ferrous vertical, and power, is also venturing into the manufacturing of semiconductors and display glass.</p>
<p>Emphasizing their commitment to sustainability, Vedanta stated that each company resulting from the demerger aims to achieve net-zero carbon emissions by 2050 and net water positivity by 2030. They plan to invest $5 billion over the next decade to accelerate this transition.</p>
<p>Notably, Hindustan Zinc, a Vedanta subsidiary, also disclosed plans for corporate restructuring to unlock growth, focusing on separate entities for zinc, lead, silver, and recycling businesses.</p>
<p>Hindustan Zinc experienced a surge of almost 6 percent. Vedanta holds a 64.92 percent stake in Hindustan Zinc as of the June quarter shareholding pattern.<br><br>Shares of Vedanta had ended 7 percent higher on Friday in what was its best single-day performance in 2023.</p>
<p>Shares of the Anil Agarwal-led mining conglomerate fell to a 31-month low earlier this week following Moody's Investors Service's downgrade of some of the bonds issued by its parent company Vedanta Resources Ltd. and its wholly-owned subsidiaries, as per a CNBC-TV18 report.&nbsp;<br>&nbsp;<br>Vedanta's parent company faces repayment of notes worth nearly $2 billion in 2025. Including these bonds, the company is facing debt repayment worth $3.6 billion in the next financial year, according to Kotak Institutional Equities.</p>

Small savings schemes are favored investment options in India, particularly among senior citizens

Deadline alert: Small savings schemes at risk of being frozen if Aadhaar, PAN not updated by Sept 30

<h2>Small savings schemes are favored investment options in India, particularly among senior citizens</h2>

<p>Investors in small savings schemes like the Public Provident Fund (PPF), Senior Citizens Savings Scheme (SCSS), and National Savings Certificate must ensure they submit their Permanent Account Number (PAN) and Aadhaar card documents by September 30, 2023. Failure to do so could lead to the freezing of their accounts, as per a government notification. If frozen, investors won't be able to carry out transactions or withdraw their money.&nbsp;</p>
<p>It's important to note that if investors have already provided these documents, there's no need for resubmission. Additionally, individuals who began investing in small savings schemes on or after April 1, 2023, are already required to have PAN; therefore, they do not need to submit Aadhaar and PAN by the September 30 deadline.</p>
<p>Small savings schemes are favored investment options in India, particularly among senior citizens. The government reviews interest rates on these schemes every quarter. For the July-September 2023 quarter, select small savings schemes saw interest rate hikes ranging from 10 to 30 basis points (bps). However, interest rates on schemes like the Senior Citizen Savings Scheme (SCSS), Public Provident Fund (PPF), Kisan Vikas Patra (KVP), and Sukanya Samriddhi Account Scheme (SCSS) remained unchanged.</p>
<p>The PPF interest rate has remained unchanged since April-June 2020 when it was reduced from 7.9 percent to 7.1 percent. Prior to that, it was lowered in July-September 2019, and the last increase was in October-December 2018 when it was raised to 8 percent from 7.6 percent.</p>

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