Cuttack: In a significant judgment, the Orissa High Court has allowed a bribe to prematurely withdraw her fixed deposits to cover urgent wedding expenses, overturning the postal authorities’ strict interpretation of the National Savings Time Deposit Scheme, 2019.
The petitioner, Priyadarsini Das, had invested in five fixed deposits under the 2019 Scheme, each with a tenure of five years. She had sought permission to prematurely encash those due a wedding in the family, but her request was denied by the authorities. Consequently, she filed a case in the High Court. ADVERTISEMENT
The postal authorities argued that withdrawals before four years were prohibited, referencing an order from November 14, 2023. Her counsel cited pressing familial obligations and referred to the amended Rule 8(d)