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of <h1>Post Office Time Deposit Rules Amended: New Interest Rates and Premature Withdrawal Terms Effective December 1, 2011</h1> The Central Government has amended the Post Office Time Deposit Rules, 1981, effective from December 1, 2011. Rule 7 is updated to include a new interest rate table, Table-R, applicable for deposits made on or after December 1, 2011, with interest rates ranging from 7.7% for one year to 8.3% for five years. Rule 8 is revised to specify the interest payable on premature withdrawals. For withdrawals after six months but before one year, simple interest at the post office savings account rate applies. For withdrawals after one year, interest is one percent less than the specified rate for the completed term.
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