Odisha: HC Rules In Bride’s Favour For Early FD Withdrawal To Meet Wedding Expenses

Have invested or are planning to invest in Post Office FD

Post Office FD: If you have invested in a Post Office FD or are planning to invest in one, this news is useful. Recently, a case of withdrawal from a Post Office FD has come to light that even reached the High Court. Post Office FD: Many people who save with Indian post offices invest in fixed deposits. FDs are considered a safe investment, especially for major expenses like weddings. However, the question arises: should they be allowed to withd…

Odisha: HC Rules In Bride’s Favour For Early FD Withdrawal To Meet Wedding Expenses

Cuttack: In a significant judgment, the Orissa High Court has allowed a bribe to prematurely withdraw her fixed deposits to cover urgent wedding expenses, overturning the postal authorities’ strict interpretation of the National Savings Time Deposit Scheme, 2019. The petitioner, Priyadarsini Das, had invested in five fixed deposits under the 2019 Scheme, each with a tenure of five years. She had sought permission to prematurely encash those due …