(A) Premature withdrawal will be permitted subject to Housing Finance Companies (NHB) Directions, 2001 for deposits and interest paid as follows: 

i) Minimum lock in period  - Three months 
ii) After three months but before six months  - No interest 
iii) After six months but before expiry of twelve months.  - If no rate has been specified for that period then three percent lower than the minimum rate at which the public deposits are accepted by the Company. 
iv) After twelve months but before the date of maturity.  - The interest payable shall be two percent lower than the interest rate applicable to a public deposit for the period for which the deposit has run. 
v) All deposit accounts standing to the credit of sole/first name depositor in the same capacity shall be clubbed and treated as one deposit account for the purpose of pre-mature repayment. The brokerage payable is for the period completed and excess brokerage paid will be recovered from the principal amount/brokerage as per the policy framed by the management from time to time. 

(B) Provided that in the event of death of a depositor, the deposit may be paid pre-maturely to the surviving depositor/s in the case of joint holding with the survivor clause, or to legal heir/s with interest at the contracted rate (applicable) up to the date of repayment. 

(C) For the purpose of determining the period where the period for which the deposit had run contains any part of the year then, if such part is less than six months it shall be excluded and if such part is six months or more, it shall be reckoned as one year.