Premature closure of 5 Year TD – Terms and conditions??
SB order 22/2023
Ø 5-Year
TD account opened on or after 10.11.2023 cannot be prematurely closed
till completion of four years from the date of deposit.
Ø In
case of pre-mature closure of 5-year TD account after four years,
interest shall be payable at the interest rate applicable to the Post
Office Savings Account scheme.
Ø 5 Year TD accounts opened before 10.11.2023 can be closed prematurely on completion of 6 months