Five important things to complete in September

Five important things complete in September 2021

The last date for linking PAN cards with Aadhaar is defined as September 30, 2021. If your PAN is not have been linked with your Aadhaar, you will not make any financial transaction.

This month of September is very important from the financial perspective of the individual as there are five important tasks you have to be completed. If In any case, you ignore this deadline. You may end up incurring a penalty.

These are the most important personal finance tasks you should complete before September 30.

1) PAN-Aadhaar linking

The deadline to link PAN card and Aadhaar will be September 30, 2021. All existing PAN cards which are  not linked with the Aadhaar will be declared inoperable after the deadline. If your PAN card is not have been linked with your Aadhaar, you cannot make any financial transactions.

All existing PAN card is required to open a bank account, buy mutual funds or shares, as well as cash transactions exceeding Rs 50,000. For KYC purposes, financial institutions request PAN from existing customers. Accounts could be affected if PAN is not active.

Also, read: Do you not want your mutual fund SIPs to be stopped or your redemption blocked? PAN Link with Aadhaar

If you fail to attach the documents within the deadline, your PAN will become inoperative, and you could face a penalty of Rs 10,000. Your PAN will be deemed not to have been provided as required by law.

You can link them via the e-filing site by sending an SMS (567678, 566161) or 56161 with the subject UIDPAN. Or you can do it offline at PAN services centres of National Securities Depository Limited and UTIITSL.

2) Link Aadhaar and EPF

For security and transparency, the Employees’ Provident Fond Organisation (‘EPFO) encourages salaried workers to link their Aadhaar with the employee provident funds account/Universal Account Number (“UAN”)). Only employees who have linked their EPF/UAN to their Aadhaar will be allowed to send provident funds. The deadline for remitting provident funds is September 1, 2021.

You should immediately link the numbers. You will be facing  the below mention consequences: no credit for PF accounts delayed remittance which could lead to loss of interest to employees,” Homi Mistry, a Partner at Deloitte India, says.

3) Filing your income tax return

For the financial year 2020-21 (assessment years 2021-22), September 30, 2021, is the last day to file income tax (IT) returns. It was extended to July 31, 2021, in light of COVID-19’s second wave. Chartered accountants anticipate that the deadline will be extended by at least one month, or even until December, due to glitches in the income-tax portal.

Do not wait and file your income tax returns soon. You will be charged interest if you fail to file your income taxes by September 30. Late filing fees as per IT Act of Rs 5,000 will be charged. If any person  income is less than amount to Rs 5 lakh, the late-filing fee will not exceed Rs 1000.

4) Update your KYC in Demat account

India’s Securities and Exchange Board has extended the deadline for updating KYC information in investors’ Demat accounts to September 30, 2021. The deadline to update KYC was extended to July 31, 2021.

A SEBI circular, dated July 30, 2021, requires investors to update their name, address, income ranges, mobile numbers, email ids, and PAN. In the Demat account. Your account will get deleted if you don’t update the KYC in your trading and Demat accounts. Only after you have updated the KYC, your Demat account can be activated.

5) Change your mobile number in bank accounts.

The RBI made authentication mandatory for card transactions after September 30 to increase security and safety.

For recurring payments via third-party merchant sites, the bank will need to notify you at least five days before the payment date and at most 24 hours before the payment. This reminds you of a scheduled payment. You have the option to either opt-out or pay for the amount. Your bank will not debit your account if it has inactive mobile numbers.

For loan EMI instalments and mobile phone bills, as well as broadband, electricity, internet, insurance premiums, mutual fund SIs, OTT subscriptions, and other utility bills, auto-debit mandates can be issued. These will be affected if your mobile number is not updated before September 30 to enable two-factor authentication. Your subscription renewal amount exceeding Rs 5,000 will not be auto-debited. Transactions below Rs. Five thousand will see recurring payments via cards continue as before.

Your bank could charge fees if your auto-debit transaction bounces. If credit card fees are not paid, your credit score may be affected. If you fail to pay your insurance premium by the due date, your insurance policy may be cancelled.

How to Link Aadhaar and EPF

It is has been mandatory to link your Aadhaar and the Provident Fund (PF) account. The Aadhaar link with one’s Unique Account Number (UAN) is mandatory for efficient record-keeping and tracking. You can link your Aadhaar and UAN online or offline via the EPFO portal.

Online linking of Aadhaar and PF accounts

To link his PF with their Aadhaar, the employee must follow these steps:

Step 1: Log in to the Unified Portal of Employees’ Provident Fund ( and click on ‘For employees’, followed by ‘UAN Member e-Sewa’


Step 2: To log in to the portal, enter your UAN and password.


Step 3: Click on “Manage” on the top panel, then click on “KYC”

Step 4: Next, fill in the “Add KYC” tab. Click on “submit” to submit. These details will be displayed under the “Pending KYC” tab after you have submitted. It will appear under the ‘Approved KYC tab once the employer has approved it, which would typically take around 15 days.

The faster withdrawal and transfer times can be improved by linking your Aadhaar and EPF accounts. However, the employer must be approved and verified the KYC.

Online mode for linking Aadhaar and PF accounts

EPFO also offers the option to link the Aadhaar number and the EPF account offline. EPF has created an Aadhaar Linking Application. The employee will need to complete the application form with his UAN, Aadhaar number and other information.

Attach self-attested copies of the employee’s UAN, PAN and Aadhaar to this form. These documents must be presented at the EPFO field office or Common Services Centres. After verification, the Aadhaarnumber can be linked to the EPF accounts. The employee will then receive a message to his registered mobile number.

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