Re: Withdrawal
by Vinod Bharati on Sep 18, 2010 03:26 PM Permalink
Any time after the expiry of five years from the end of the year in which the initial subscription was made , a subscriber may, if he so desires,hereto as possible, together with his pass book to the Accounts Office withdrawing from the balance to his credit, an amount not exceeding fifty per cent of the amount that stood to his credit at the end of the forth year immediately preceding the year of withdrawal or at the end of preceding year, whichever is lower, less the amount of loan, if any, drawn by him,Provided that not more than one withdrawal shall be permissible during any one year. After completing 16 years you can withdraw the entire amount and close the account.
