Section 8 in National Savings Recurring Deposit Scheme, 2019
8. Premature closure.
- The account holder may, by making an application to the accounts office in Form-2, close the account prematurely after three years from the date of opening of the account and interest at the rate applicable from time to time to the Post Office Savings Account shall be payable on such premature closure of account:Provided that no premature closure of account shall be permissible until the period for which the advance deposits have been made under paragraph 7 is over.
