Premature withdrawal would not attract any penal charge. • Acknowledgement of from 15-G/15-H With a view to protect interest of the depositors and for rendering better customer service, banks were advised in May 2013 to give an acknowledgment at the time of receipt of Form 15-G/15-H.
This will help in building a system of accountability and customers will not be put to inconvenience due to any omission on part of the banks.