Home   >>    Investment   >>    Small Saving Scheme   >>     Overview

What happens in case of default on installment of a post office recurring deposit account (RDA)?

In event of defaults being more than five, the account will be treated as discontinued.

10 Dec 2008

If there are less than five defaults in monthly installments, the depositor can opt for extension of the maturity period of the account by as many months as the number of defaults and deposit the defaulted installment during the extended period.
In event of defaults being more than five, the account will be treated as discontinued.



44.58 Lakh satisfied customers till Dec 2016
Get Loan Offers
Instant Home Loan Offers Instant Car Loan Offers Instant Personal Loan Offers
     
Instant Loan against Property Offers Instant Education Loan Offers Instant Credit Card Offers
Get Insurance Proposals
Instant Life Insurance Offers Instant Health Insurance Offers Instant Car Insurance Offers