Key Points
Several investors go for a Post Office Monthly Income Account (MIS) for regular income..
Post Office Monthly Income Accounts (MIS) premature withdrawal rules and penalty..
For the January-March quarter of 2024, Post Office Monthly Income Account fetches an interest rate of 7.4% per annum, payable monthly..
In the case of MIS accounts at CBS Post offices, monthly interest can be credited into savings accounts standing at any CBS Post Offices."..
"In case any excess deposit made by the depositor, the excess deposit will be refunded back and only PO Savings Account interest will be applicable from the date of opening of account to the date of refund," said India post office on its website as of March 16, 2024..
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