Closure of account permitted after four years; death permits immediate closure with interest under rule 6. Closure of account allows withdrawal on expiry of four years from the end of the year in which the account was opened; death of the depositor permits closure at any time after death, with interest admissible up to the date of withdrawal at the rate specified in rule 6, replacing the earlier specified rate.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Closure of account permitted after four years; death permits immediate closure with interest under rule 6.
Closure of account allows withdrawal on expiry of four years from the end of the year in which the account was opened; death of the depositor permits closure at any time after death, with interest admissible up to the date of withdrawal at the rate specified in rule 6, replacing the earlier specified rate.
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