In the post office you put resources into different little reserve funds plans. Many plans additionally have a lock-in period. If for some specific explanation you are needing cash and you need to exit from the investment scheme (Premature encashment controls), that is, you need to withdraw the cash totally, then, at that point, there are sure circumstances and rules for this. You should know them.
These accounts can be shut whenever
You can close the post office investment account at whatever point you need. As indicated by the authority site, correspondingly, senior residents can pull out their deposits by shutting the reserve funds plot account whenever. Indeed, you might need to pay a proper charge for the primary conclusion.
Recurring deposit account
If you have put resources into Post Office Recurring Deposit, following three years you can close the account whenever (Premature encashment rules). In this, mainly the interest rate of the savings bank account will be pertinent.
MIS account
You can close the Post Office’s Monthly Income Scheme (Post Office reserve funds plans) account for example MIS following one year. Likewise, Kisan Vikas Patra record can likewise be shut following 2 years a half year for example over two years.
Rules for Post Office PPF Account
If you have opened a Public Provident Fund ie PPF account in the post office, then you will actually want to close your account solely after no less than five years. Remember that this will happen provided that you have a significant disease, need to meet advanced education requirements or you are a NRI.
Sukanya Samriddhi Account
If you have put resources into the Sukanya Samriddhi Yojana in the post office, then the account of this administration plot connected with little girls will be credited to the little girl’s marriage on her culmination of somewhere around 18 years (albeit presently the period of marriage of young ladies is 21 years). Can close.
National Saving Scheme
The National Savings Scheme ie NSC (VIII Issue) account in the post office can’t be shut before maturity. Notwithstanding, in case of death or seizure of the account holder, the account of this plan (Post Office reserve funds plans) is shut.
