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Will the post office monthly income scheme offer encashment on account closure before maturity?

There is the facility of premature closure of the account after 1 to 3 years, at a 2 per cent discount.

10 Dec 2008

Premature encashment facility is available after completion of one year of investment in POMIS. There is the facility of premature closure of the account after 1 to 3 years, at a 2 per cent discount. Deduction of 1 per cent is applicable if the account is closed prematurely at any time after three years.



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