– Where a deposit in a one-year, two-year or three-year account is withdrawn prematurely after six months, but before the expiry of one year from the date of deposit, interest shall be payable to the account holder at the rate applicable to the Post Office Savings Account for the completed months.Īlso Read: Senior Citizen’s Savings Scheme (SCSS) rules changed. – No deposit shall be withdrawn before the expiry of six months from the date of deposit Premature closure of an account shall be allowed on an application by the account holder in Form-4, subject to the following conditions:
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