LOAN AND INTEREST PAYMENT AT BRANCH OFFICES
(1). Interest payment in respect of TD / MIS & SCSS Accounts, Loan from RD Accounts Loan and withdrawal from PPF Accounts and withdrawal from SSA Accounts are not permissible at GDS Branch Post Offices.
RD Accounts & TD Accounts
(2). If the depositor desires to get the interest payment amount in respect of TD Accounts and loan for RD Accounts by cash, the BPM shall advise the depositor to go to the Account Office. Account Office will follow the process of as prescribed in relevant chapters.
(3). If the depositor desires to get the interest payment amount by Cheque or Transfer to Savings Account, the BPM shall follow the procedure prescribed for closure of account standing at BO.
Note: Interest payment in respect of MIS and SCSS Accounts, Loan and withdrawal PPF Loan and Withdrawal from SSA Account shall be paid only through credit in to Depositor’s linked Savings Account.
