![]() POTD is available in four investment tenures: 1 year, 2 years, 3 years and 5 years. Premature withdrawal rules for post office time deposits (POTD) The excess interest Rs 49,860 [Rs 1,03,053 (Rs 34,351 X 3) - Rs 53,193 (Rs 17,731 X 3) paid to her in the past three years was recovered from the principal amount of Rs 5 lakh. However, as she broke her POTD she was supposed to receive Rs 17,351 at the interest rate of 3.5% per annum. Till the completion of three years of the deposit tenure, Mrs A was paid Rs 34,351 every year at the interest rate of 6.7% per annum. Here is how the loss of 48% mentioned above happened. In general, the loss in these cases is much more than in the case of premature withdrawal of fixed deposits with banks. The interest loss is also very heavy in case of premature withdrawal of post office time deposits of other tenures. She faces an interest loss of 48%, as per current rules. Due to premature withdrawal, she receives Rs 4,50,140 from the post office. However, after the completion of three years (say on April 2, 2024), she breaks her POTD to meet financial emergency. She will receive annual interest of Rs 34,351 every year for the next five years. Mrs A invest Rs 5 lakh in 5-year post office time deposits (POTD) on Apat rate of 6.7% per annum. REVIEW ABOUT OFFICETIME GENERATORP2P Data Center Fuel Rates Diesel Rates Petrol Rates Bank Pan Number Bank holidays Penny Stocks MF Ratings & NAV Top Performing Schemes Top Star Rated Schemes Top Tax Saving Schemes Highest Risk Adjusted Return New Fund Offers Forthcoming Dividends NPS Top Performing NPS Scheme Most Consistent NPS schemes ETF Perfomance Latest Prices Listed Bonds Traded in Cash Market ULIPs ULIP Schemes Calculators Recurring Deposit Calculator Fixed Deposit Calculator LTCG Tax Calculator Income Tax Calculator Rent Receipt Generator SIP Calculator IFSC Bank Code NPS Calculator Invoice Generator EPF Calculator House Property Income HRA Calculator Sukanya Samriddhi Calculator Education Loan Calculator Car Loan Calculator Home Loan Calculator Personal Loan Calculator Risk Tolerance Calculator Financial Fitness Calculator Buy Online Health Insurance Car Insurance 2 Wheeler Insurance Interest Rates Recurring Deposit Rates Fixed Deposit Rates Bank Fixed Deposits Rates Post Office Schemes Rates MCLR Loan EMI Participate & Win Stocks & Shares ET Wealth ET Wealth Editions Buy Wealth Magazine ET Wealth Newsletter ![]()
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