https://www.taxtmi.com/acts?id=52283 Premature closure is permitted only on death, valid pledge forfeiture by a Gazetted Officer, or court order. Closure within one year yields only principal; closure after one year but before three years yields interest at the Post Office Savings Account rate for complete months held. Closure after three years invokes tiered premature-closure tables that set the amount payable per 1000 rupees for specified sub-periods, with different tables applying according to the account opening period. en-us Fri, 26 Dec 2025 11:06:38 +0530 Fri, 26 Dec 2025 11:29:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=52283 Premature closure is permitted only on death, valid pledge forfeiture by a Gazetted Officer, or court order. Closure within one year yields only principal; closure after one year but before three years yields interest at the Post Office Savings Account rate for complete months held. Closure after three years invokes tiered premature-closure tables that set the amount payable per 1000 rupees for specified sub-periods, with different tables applying according to the account opening period. Act-Rules Direct Taxes Fri, 26 Dec 2025 11:06:38 +0530 https://www.taxtmi.com/acts?id=52283