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What is the procedure for foreclosing my deposit?

April 26, 2017deposit foreclosing procedure

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What is the procedure for foreclosing my deposit?

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The premature withdrawal form and the deposit receipt discharged on its reverse on Re.1 Revenue stamp, have to be sent to us with instructions to repay the deposit before maturity. In case of A or S joint accounts, all the depositors have to give their discharge on the TDR and premature withdrawal Form. However in case of N or S joint accounts, only the discharge of the first depositor is necessary. In both cases the premature proceeds will be favouring the first depositor only.