Post Office Savings a/c Interest Rate Applies on Premature Closure Under National Savings Time Deposit After 4 Years
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- By Chetan Kulasri
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- Last Updated on 14 November, 2023
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G.S.R. 830(E), 07-11-2023
The Govt. has notified the National Savings Time Deposit (Fourth Amendment) Scheme, 2023, amending the National Savings Time Deposit Scheme 2019. It has been provided that if a deposit in a five-year account is withdrawn prematurely after four years from the date of opening of an account, interest shall be payable at the rate applicable to Post Office Savings Account.
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