If you have invested in any Post Office Small Savings Scheme, there is an important update for you.
The Department of Posts (DoP) has made new rules to ensure better safety of depositors’ money.
From now on, account holders must close their small savings accounts within three years of the maturity date. If the account is not closed in this time, the Post Office will freeze it.
This rule applies to all matured accounts under various small savings schemes that remain inactive even after three years.
To make this a regular process, the Post Office will now freeze such accounts twice a year. This will help identify long-inactive accounts and protect depositors’ money.
The freezing process will start every year on 1st July and 1st January, and will be completed within 15 days.
So, on 30th June and 31st December, the Post Office will review accounts that matured three years ago and freeze those that remain unclosed.
Which Accounts Will Be Affected?
According to the new rules, the following small savings accounts will be frozen if not closed within three years of maturity:
Time Deposit (TD)
Monthly Income Scheme (MIS)
National Savings Certificate (NSC)
Senior Citizen Savings Scheme (SCSS)
Kisan Vikas Patra (KVP)
Recurring Deposit (RD)
Public Provident Fund (PPF)
What Happens When an Account is Frozen?
If an account is frozen:
All withdrawals, deposits, standing orders, and online services are stopped.
The account becomes inactive and cannot be used until it is reactivated.
This step, as per the order dated July 15, 2025, is part of the Post Office’s plan to keep depositors’ money safe.
How to Unfreeze or Close a Frozen Account?
To unfreeze or close your matured small savings account (not closed within three years), follow these steps:
Visit any post office in person.
Carry the following documents:
Account passbook or any proof of the account.
KYC documents: mobile number, PAN card, Aadhaar or address proof.
Account Closure Form (SB-7A).
Your Post Office savings account number or bank account details.
A cancelled cheque or copy of your passbook for transferring the maturity amount.
The post office will verify your documents and match your signature with records. Once confirmed, the account will be unfrozen,
and the maturity amount will be credited to your bank or post office savings account via ECS.
