Postal Savings Schemes Lockup period, Extension and Premature Closures

Scheme	Lockup Period & PMC	Extension
SB	No time limit
RD (5 Years)	3 Years , SB Interest Rate	One time for Next 5 years
1yr, 2yr 3yr TD	After 6 Months , SB Interest Rate After 1 year Scheme Interest for Completed Years ( Less 2% ) and SB Interest for remaining months	Maximum of 2 times only after that PMI (SB Rate) only Time limit - Option for extension may be exercised 1TD - Six months 2TD - Twelve months 3 TD - Eighteen months 5 TD - Eighteen months
5yr TD	4 Years for that accounts opened after 10.11.2023 & SB Interest Rate eligible
SCSS (5 Years)	Before 1 Year without any Interest After 1 to 2 years 1.5 % Discount After 3 to 5 years 1.0 % Discount	Extension Every 3 years Within 1 year of extension 1.0% Discount No any deduction after 1 year
PPF (15 Years)	Minimum 5 Financial Years treatment of serious ailments or life- threatening disease to the account holder, spouse 1% Discount from date of Opening	Extension Every 5 years
MIS	1 Year After 1 to 3 years 2.0 % Discount After 4 to 5 years 1.0 % Discount	No Extension Reinvestment only
MSSC ( 2 Years)	After 6 Months , Less 2% Interest Rate from Date of opening	No
NSC (5 Years)	No PMC by Depositor But Forfeiture by pledge anytime	No Extension, Reinvestment only
KVP	2.5 Years , For interest please refer Interest Table	No Extension, Reinvestment only

Note : For death claim No lockup period but Interest varies scheme to scheme and periods

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