Post Office to cut 48% Interest in case of premature withdrawl of Any deposit with them before maturity
- 1640
- 17
-
- Last Comment
- Sort By
Not possible.
Principal se kam nahi mil sakta
It was there from the beginning. As per article if anyone prematures their 5TD on the 3rd year, He or She gets Rs. 34,351 on every year in savings account as annual interest of TD.. so now (3 X 34,351) = 1,03,053 + 4,50,140. So, final amount 5,53,193.
so don’t mislead the people.
https://www.indiapost.gov.in/Financial/pages/co...
You can refer full rules here. They are giving 6.7% interest rate for 5 year fd that too completely secured. In comparison ICICI giving 5.50% for 5 year fd. Obviously there will be penalty for premature withdrawal.
The products are tailored for some specifc requirement. You should choose according to your need.
Oh…. yes. That justifies this. Ekdum!
Chalo bhai log, justify ho gaya hai. Post Office ehsaan kar raha hai 6.7 de kar, “that too completely secured” … obviously, 48% penalty to banti hai.
It is funny to see the people of this country think that penalties on them are obvious.
The honour and dignity of the citizens is going to be eroded at varying pace until the citizens can realise that they make the country and the government, and, consequently, policies must align with their needs, period.
Until there are people who feel like they deserve nothing and whatever they get is a blessing from the government, this erosion of dignity and freedom will continue.
1. I want to know what the pied pipers of the country feel about this.
2. I have a bad feeling about this, this is going to set a precedent for banks to use to not pay anything.
This is very concerning and hurts consumers. This is not beneficial at all.
If you break after 3 year then you are going to get identical return if you would have made 3 year td.
Presently 3 year td rate is 5.5% . If you break at 3 year then you are going to get similar return to 3 year td rates. 
Don’t get surprised if they start usurping principal amount in coming days
![[PriceDrop] Instamart Rishta Barnyard Millet Dosa Batter 1 kg [location specific]](https://cdn2.desidime.com/topics/photos/1882999/medium/Screenshot2024-11-22at9.20.52PM.png?1732290667)
new loot by the govt of india 😂 they will give less interest but take back more than it bravo modi hai to mumkin hai 😂