Money deadlines in March 2025: From special FD deadline to UAN activation

economictimes.indiatimes.com:

Employees' Provident Fund (EPF) linked Insurance (ELI) to ensure smooth financial planning. Here are some of the important financial tasks that should be completed before the end of the financial year on March 31,2025.

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Following the Reserve Bank of India's (RBI) repo rate cut by 25 basis points (bps) from 6.50% to 6.25%, several banks have reduced their fixed deposit (FD) interest rates.

For the past few years, many banks have been offering special fixed deposit schemes with higher interest rates for a limited period. However, with the recent RBI rate cut, there is a high possibility that these special FDs will not be extended further.

Investors looking to lock in higher returns should consider investing before these schemes end. Banks currently offering these special FDs include SBI, Indian Bank, IDBI Bank, and Punjab & Sind Bank, with the deadline set for March 31, 2025.

Tax Saving Investments (Section 80C, 80D, 80G, etc.)

Before March 31, 2025, you should invest in tax-saving options to lower your taxable income if you have opted for the old tax regime. The Income Tax Act offers several important deductions, including the National Pension System (NPS), Employees' Provident Fund (EPF), Public Provident Fund (PPF), Tax-saving Fixed Deposits (with a five-year lock-in), and Equity Linked Savings Scheme (ELSS).

Filing or updating Income Tax