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Thread: PO MIS : Is it withdrawal permissible?

  1. #1
    NewBie
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    Question PO MIS : Is it withdrawal permissible?

    I and my wife jointly deposited Rs 6,00,000/- Now it is maturing with bonus, it amounts to Rs 6,60,000/- I want the withdrawal of Rs 3,30,000/- in each of our names. Is it permissible?




  2. #2
    PW Stalwart Master's Avatar
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    Default

    If you have invested jointly than you can withdraw it with the signature and presence of both the investors.

    Hope this helps!

  3. #3
    PW Stalwart Manish_Kumar's Avatar
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    Default

    Quote Originally Posted by Xbox View Post
    I and my wife jointly deposited Rs 6,00,000/- Now it is maturing with bonus, it amounts to Rs 6,60,000/- I want the withdrawal of Rs 3,30,000/- in each of our names. Is it permissible?
    If you had invested in joint name the withdrawal amount will be come as cheque in joint name. Not 3,30,000/- in one name and another in another name.
    Everyone has a scheme of getting rich.. Which never works.


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