From tax-saving deadline to FASTag KYC: Here are 5 critical dates you can't miss in March 2024

As the financial year draws to a close, several critical deadlines loom large, demanding immediate action to avoid potential hassles and financial penalties.

The following are some of the important dates that fall in the month of March 2024.

1. Aadhaar Card Update Deadline is fast approaching. March 14, 2024, marks the final day for free Aadhaar card updates on the myAadhaar site. You can change your name, address or mobile number without having to pay a fee.

After this deadline the department will levy a fee for making these changes. To update your details, you need to visit the website: https://myaadhaar.uidai.gov.in/.

2. Paytm Payments Bank Deadline is also approaching rapidly. Services like Paytm app, Paytm QR, Paytm soundbox and Paytm Card machines will continue to work uninterrupted beyond the RBI’s March 15 deadline.

Beyond this date, no fresh deposits or top-ups will be accepted, with exceptions limited to cashbacks and refunds. However, you can continue to utilise your remaining balances.

3. Tax-saving deadline: The deadline for completing tax-saving activities for FY 2023–2024 is set for March 31, 2024. Failure to meet this deadline may lead to tax deductions according to the new tax regime, which has been effective since April 1, 2023.

It is vital to remember that starting April 1, 2023, New Tax Regime is the default tax regime, in which most tax deductions are not applicable. So, in order to claim tax deductions, one must ensure to opt for the Old Tax Regime.

4. FASTag KYC: The NHAI has extended the compliance deadline for the 'One Vehicle, One FASTag' initiative until March 31, 2024, taking into account the difficulties encountered by Paytm FASTag users.

NHAI had earlier proposed to implement 'One Vehicle, One FASTag' initiative from March 1.

To enhance the efficiency of the electronic toll collection system and provide seamless movement at toll plazas, the NHAI has taken the 'One Vehicle, One FASTag' initiative that aims to discourage the use of single FASTag for multiple vehicles or linking multiple FASTags to a particular vehicle.

5. SBI Amrit Kalash Special FD Deadline: The last day to invest in SBI Amrit Kalash is March 31, 2024.

According to the SBI website, “The specific tenor scheme of “400 days” (Amrit Kalash) at Rate of Interest of 7.10 % w.e.f. 12- April- 2023. Senior Citizens are eligible for rate of interest of 7.60%. The Scheme will be valid till 31-March-2024.”

Senior citizens are eligible for an interest rate of 7.60 percent. The scheme will be valid till March 31, 2024.