TaxTMI 
TaxTMI 
Premature encashment
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....ne year but before the expiry of two years and six months from the date of certificate, face value of the certificate, together with simple interest calculated at the rate applicable from time to time to accounts under Post Office Sav­ings Account Rules, 1981, for the complete months for which the certificate has been held, shall be payable. (4) Notwithstanding anything contained in rule 12 or in sub-rule (1), if a certificate is encashed any time after expiry of two years and six months from the date of certificate, the amount payable inclusive of interest shall be as specified in the Table below for denomination of Rs. 1,000 and at a proportionate rate for any other denominations : Table Period from the date of the certificate to t....
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.... encashed at any time after the expiry of two years and six months from the date of the certificate, the amount payable inclusive of interest shall be as specified in the Table given below for certificate of the denomination of Rs. 1,000 and at a proportionate rate for any other denomination, namely :— Table Period from the date of the certificate to the date of its encashment Amount payable inclusive of interest (in rupees) 1. Two years and six months or more but less than three years 1,340 2. Three years or more but less than three years and six months 1,460 3. Three years and six months or more but less than four years 1,550 4. Four years or more but less than four years and six months 1,690 5. Four years and six months or....
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....icate to the date of its encashment Amount payable to inclusive of interest (in rupees) 1. Two years and six months or more but less than three years 1,280 2. Three years or more but less than three years and six months 1,380 3. Three years and six months or more but less than four years 1,450 4. Four years or more but less than four years and six months 1,560 5. Four years and six months or more but less than five years 1,650 6. Five years or more but less than five years and six months 1,770 7. Five years and six months or more but less than six years 1,870. (9) Notwithstanding anything contained in rule 12 or in sub-rule (1), if a certificate issued on or after the 15th day of January, 2000 but before the 1st day of Mar....
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.... namely :— Table Period from the date of issue of the certificate to the date of its encashment Amount payable inclusive of interest (in rupees) 1. 2 years 6 months or more but less than 3 years 1,209 2. 3 years or more but less than 3 years 6 months 1,274 3. 3 years 6 months or more but less than 4 years 1,327 4. 4 years or more but less than 4 years 6 months 1,409 5. 4 years 6 months or more but less than 5 years 1,470 6. 5 years or more but less than 5 years 6 months 1,572 7. 5 years 6 months or more but less than 6 years 1,644 8. 6 years or more but less than 6 years 6 months 1,770 9. 6 years 6 months or more but less than 7 years 3 months 1,857. (11) Notwithstanding anything contained in rule 12, if a certifica....