Post Office Savings a/c Interest Rate Applies on Premature Closure Under National Savings Time Deposit After 4 Years

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  • By Taxmann
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  • Last Updated on 14 November, 2023

National Savings Time Deposit Scheme

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 It has been provided that if a deposit in a five-year account is withdrawn prematurely after four years from the date of opening of an account, interest shall be payable at the rate applicable to Post Office Savings Account.

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