India city Kolkata covid-19 2020 Department India city Kolkata

India Post not to charge any late payment fee for RD holders in May

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KOLKATA : The India Post will not charge any late payment fees from the Recurring Deposit holders till this month end in view of the COVID-19 lockdown situation, an official said.

Considering that the movement is restricted during the nationwide lockdown, the Department of Posts has announced that RD account holders may deposit the instalment of May till June 30 and there would not be any "revival fee", the official said.

The same will be also applicable to advance deposit of instalments to get the benefit of rebate. "Subscribers of RD account who could not deposit the advance instalments to get the benefit of rebate during the lockdown period may deposit the same by June 30.

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