No premature withdrawal will be allowed before the completion of three months from the date of receipt as per the directions of the Reserve Bank of India currently in force. In case of request for prematurewithdrawal after the expiry of three months the rate given in the table below shall apply :
For period exceeding 3 months but less than 6 months, applicable interest rate is nil.
For period exceeding 6 months but less than period of deposits, applicable interest rate shall be 2% lower than the interest rate applicable for the period for which the deposit has run or if no rate has been specified for that period, then 3% lower than the minimum rate at which the public deposits are accepted by the Company.
However, all premature withdrawals are subjected to the prevailing guidelines of Reserve Bank of India as amended from time to time.