POSTED BY May 5, 2013 7:24 pm COMMENTS (9)ON
My parents have been investing in Postal RDs. I would like to know rules for premature closure:
1. After how many months can it be closed prematurely?
2. What will be the rate of interest applicable?
The officials in the Postal department in our town dont know the rules and claim that any closure before 3 years – we tend to lose the principal invested too. is this right?
The rule book present in the website of postal department is very old and I found few articles about the amendment of 2011 in few blogs which surprisingly is not mentioned on the official website.