Post office Account freeze: Post office can freeze your account, rules have changed, you will have to do this work soon

The post office has made new rules for small savings scheme accounts. These rules have been made to keep the money of the account holders safe. However, now the account holders will have to apply in the post office in time.

Post office Account freeze: If your post office account is not active for many years, it may be closed. The Postal Department has issued new rules for Small Savings Schemes (SCS) accounts. If these rules are not followed, the account can be closed. Now account holders will have to close them within 3 years when the policy matures. If this is not done, the post office can freeze such accounts.

These new rules apply to small savings schemes like Public Provident Fund (PPF), Senior Citizen Savings Scheme (SCSS), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Post Office Monthly Income Scheme (MIS), Post Office Term Deposit (TD) Post Office Recurring Deposit (RD).

In an order issued on July 15, the Postal Department has issued new rules for freezing small savings scheme accounts that are not closed after a maturity period of three years. The purpose of this step is to keep the money of investors safe. Under the new rules, the post office will now identify inactive and matured small savings accounts and freeze them twice a year if they are not formally extended by the customers.

When will the accounts be frozen?

The Postal Department has said that now the process of freezing the accounts will be done twice every year to keep the hard earned money of the people more safe. This process will start from January 1 and July 1 every year and will be completed within 15 days. Accounts which will be three years old on the date of maturity will be frozen.

Understand the new rule like this

For example, accounts which will be three years old by June 30 can be frozen in 15 days after July 1. Similarly, accounts which will be three years old by December 31 can be frozen in 15 days after January 1. If you do not want your savings account to be frozen, then you have to apply for extension in time. This new rule has come when recently the government has announced to keep the interest rates of all small savings schemes unchanged for the quarter of July to September 2025.

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