https://www.taxtmi.com/acts?id=6647 Term deposits under the Bank Term Deposit Scheme, 2006 have a five-year maturity and cannot be encashed before five years from receipt. A limited exception allows the surviving joint holder to encash before maturity upon the death of the first holder, subject to an application to the branch manager and production of proof of death; this proviso was added by Notification No. 289/2007. en-us Sat, 19 Jan 2008 22:45:54 +0530 Fri, 06 Mar 2009 10:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=6647 Term deposits under the Bank Term Deposit Scheme, 2006 have a five-year maturity and cannot be encashed before five years from receipt. A limited exception allows the surviving joint holder to encash before maturity upon the death of the first holder, subject to an application to the branch manager and production of proof of death; this proviso was added by Notification No. 289/2007. Act-Rules Direct Taxes Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=6647