Important Instruction Regarding Interest Payment Before Account Closure

Dear  sir, madam 

Important Instruction Regarding Interest Payment Before Account Closure

It is hereby informed that, in respect of accounts such as TD, MIS and SCSS, where the interest due has not been paid through sundry account , the pending interest shall be disbursed to the account holder before initiating the account closure process.

It may be noted that, once the account is closed, the system does not permit payment of the pending interest. Hence, all concerned officials are requested to ensure that the interest due, if any, is duly paid before proceeding with closure of the account.