https://www.taxtmi.com/acts?id=8404 Premature closure is allowed on specified grounds by application in Form-3; on closure the principal plus simple interest at the Post Office Savings Account rate for complete months held is payable, and for accounts closed after two years six months the payable amount is the prescribed table-based encashment value per one thousand rupees, with different tables applying according to the account opening period as modified by subsequent notifications. en-us Mon, 18 Feb 2008 13:00:25 +0530 Tue, 06 Jan 2026 14:54:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=8404 Premature closure is allowed on specified grounds by application in Form-3; on closure the principal plus simple interest at the Post Office Savings Account rate for complete months held is payable, and for accounts closed after two years six months the payable amount is the prescribed table-based encashment value per one thousand rupees, with different tables applying according to the account opening period as modified by subsequent notifications. Act-Rules Direct Taxes Mon, 18 Feb 2008 13:00:25 +0530 https://www.taxtmi.com/acts?id=8404