This one is important for those in the stock market because they must add a nominee to their Demat account or opt out.
The investor who fails to do so before its deadline, i.e. 31 December 2023, will no longer be eligible to transact in stocks.
NPCI has directed all banks and third-party app providers (Google Pay, Phonepe, Paytm, etc) to deactivate all inactive UPI IDs and numbers.
So, if you have any UPI IDs or numbers that have not been used for one year, the same will be deactivated after 31 December 2023.
Department of Telecommunication (DOT) has announced that the paper-based KYC will be done away from 1st Jan. 2024.
Earlier, UIDAI directed all aadhaar card holders to update their aadhaar details by 31 December 2023 free of cost; post this, the user will be charged Rs 50/-.