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Recently the Department of Posts has issued a new rule. Under this, your account will be freeze after the completion of a period of three years. The Department of Posts has taken this step to keep investors’ money further safe.

The new rules will apply to all the small savings schemes of the post office. Among them, mainly Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), National Saving Certificate (NSC), Kisan Vikas Patra (KVP), Post Office Monthly Income The Scheme (MIS), Post Office Term Deposit (TD) and Post Office Recurring Deposit (RD) are included.

Why has this decision taken? This new rule has been explained in an order issued by the postal department. According to the department, this decision has been taken to close the inactive accounts even after a period of three years. Its purpose is to protect the hard earned money of customers. The process of closing this will now be done twice a year at a fixed time.

When and how will the accounts be closed? This process will be held in two stages, starting on 1 January and 1 July. Within 15 days of these dates, all the accounts that have completed three years will be closed after the closure. For example, accounts that have completed a period of three years by 30 June or 31 December will be included in this process.

How to protect the account from freeze? , To protect the account from freeze, account holders have to do one thing. They have to formally apply to the post office to increase the duration of their deposit scheme. This new rule came by the government a few days after the government announced unchanged interest rate on small savings schemes for the July to September quarter of FY 2025-26.