Search results
Dec 7, 2023 · The premature withdrawal rules for post office time deposits (also known as post office FD) has been revised by the government. The new rules do not allow premature withdrawal of a 5-year post office before it completes four year from the date of deposit.
- You can't prematurely withdraw 5-year post office FD before 4 ...
The government revised the premature withdrawal rules for...
- You can't prematurely withdraw 5-year post office FD before 4 ...
Dec 4, 2023 · The government revised the premature withdrawal rules for post office FDs of various tenures. The new rules are as follows: a) No post office FD can be withdrawn before 6 months from the date of deposit and 5-year post office FD cannot be withdrawn before completion of 4 years.
- Preeti Motiani
Dec 4, 2023 · The finance ministry updated the regulations concerning early withdrawals from post office fixed deposits, commonly referred to as post office time deposits, through a notification issued on...
Post Office Saving Account customer to submit duly filled request form in respective Post Office, After enabling desired service in customers Savings Accounts by Post Office, customer will get activation code on his/her mobile within 48 hours to proceed further.
Aug 24, 2021 · The interest loss is likely to be much greater for premature withdrawal in post office time deposits than bank FDs which charge a penalty of 0.50-1%. So how does early closure will impact your investments in POTD as compared to bank FDs.
Nov 14, 2023 · As per the new rules, the post office savings account interest rate will be paid if a 5-year Post Office Time Deposit account is closed after four years of opening the account but before maturity.
Post Office Fixed Deposits (FDs) allow investors to prematurely withdraw funds in case of emergencies. However, withdrawing early typically incurs a penalty, which is a reduced interest rate on the FD. The penalties and reduced rates vary depending on how long it has been since the deposit was made.
