Premature withdrawals are permitted, but only after one year of opening the account. If the account is closed after one year but before the expiration of two years, 1.5% of the deposit shall be withheld in the form of pre-maturity withdrawal charges. In case of closure after 2 years, an amount equal to 1% of the deposit shall be charged as penalty. In the case of the death of the depositor, no payments or fines shall be levied for the early closing of the account.