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Can a post office recurring deposit account (RDA) be closed prematurely?

The account may be closed prematurely after the completion of one year from the date of opening of the account.

10 Dec 2008

The account may be closed prematurely after the completion of one year from the date of opening of the account. The depositor will have to bear the penalty of paying interest at the rate applicable to the account. This rate will be the one applicable on the date of one-year completion.



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