New Rules: Rules changed in the month of December, rules changed from purchasing SIM card to IPO

December New Rules: The month of December has started from today. Many financial rules have deadlines every month. Many works have deadlines this month too. Along with this, many financial rules have also changed from this month. In this article, let us know which financial rules have changed in the month of December. Read the full news..

Dec 1, 2023 - 09:48
New Rules: Rules changed in the month of December, rules changed from purchasing SIM card to IPO

Soon the last month of the year has arrived. The last month of 2023, December 2023, has started from today. There have been changes in many financial rules this month. These include many rules like IPO, Aadhar card, Demat account. Come, let us know which financial rules have changed this month.

Aadhaar Card: If you have not yet updated your Aadhaar Card, then you can update it for free till 14 December 2023. UIDAI has given the opportunity to the citizens of the country to update Aadhaar card for free. The deadline to update free Aadhaar card is 14th December. If you update Aadhaar card by going to Aadhaar center then you will have to pay a fee for the same.

Demat Account Nominee: It is mandatory to have a Demat Account for investing in share market and mutual funds. The last date for providing nominee information in demat account and mutual fund is 31 December 2023. Apart from this, SEBI has instructed that physical shareholders should provide information like PAN, nomination, contact details by 31 December 2023. If this does not happen then the shareholder's account gets frozen.

UPI ID: On November 7, 2023, the National Payments Corporation of India (NPCI) has issued a circular. According to this circular, banks will deactivate all those UPI-IDs and numbers which have not been active for a long time. Banks and third party apps will have to follow this rule by 31 December 2023.

Bank Locker Agreement: Under the new rules of Reserve Bank of India (RBI) for bank locker, now the customer will have to deposit his signature to use the locker. The customer will have to sign the new agreement of the bank locker. The last date for signing this agreement is 31 December 2023.

SIM Card: The government has also made new rules regarding SIM cards this month. According to this new rule, it has now become mandatory for the telecom operator to get registration and police verification done. These rules have come into effect from today.

IPO: New rules for IPO have been released this month. Under this rule, now the IPO has to be listed within 3 days of the date of closure of the issue. This means that the company will have to list its shares on the stock exchange within 3 days of the closure of the issue.

Muskan Kumawat Journalist & Content Writer