Where the monthly interest contains part
of a rupee and if such part is 50 paise or more, it
should be increased to one complete rupee and if such
part is less than 50 paise, it should be ignored.This is
with effect from 18.07.2000.
Maximum amount that can be deposited in
case of joint accounts is double that can be deposited
in single accounts.
Premature closure allowed after expiry of
one year on deduction of 5% of deposited. No such
deduction is made if the account is closed after three
years from the date of opening of such account.
