1 / 8Post Office Scheme Penalty : Most of the people in the country prefer to invest in post office rather than bank. Because people get more interest in post office than bank. Also, post office investment is safe and gives guaranteed returns.2 / 8Various schemes are implemented in the post office from common citizens to senior citizens. In such case, all schemes are such that they mature in 5 years. If you want to withdraw before their maturity, you will have to pay a penalty.3 / 8Post Office Monthly Saving Scheme - In Post Office MIS stands for Monthly Income Scheme, you have to deposit a lump sum for 5 years. With this, you can get a fixed amount per month for 5 years as income. After 5 years you get your money back.4 / 8If you withdraw between one year and three years, 2 percent of the deposit amount will be deducted and refunded. On the other hand, if the account is older than three years but you want to withdraw before 5 years, deduct 1 percent from the deposited amount.5 / 8Recurring Deposit – Post Office Recurring Account is also for 5 years. Investors in Recurring Deposit Account get withdrawal facility after 3 years. On early withdrawal, you will get the benefit of interest rate as per savings account only.6 / 8Senior Citizen Savings Scheme – In this post office scheme also you have to invest for 5 years. It matures after 5 years from the date of account opening. But if you want to withdraw money from it before five years, you have to pay penalty. In this, complete 2 years.7 / 8PPF Scheme – This scheme is for 15 years, but has a lock in period of 5 years. After 5 years you can withdraw and close the account with certain conditions. But 1 percent interest is deducted from the date of account opening till the date of closure.8 / 8Kisan Vikas Patra – This scheme doubles the investment in 124 months and has a lock-in period of 30 months. In this scheme, if you withdraw before 1 year, you will not get any interest. Under this scheme, the investor will also have to pay a penalty for withdrawal. 1 year