What are the consequences of exit from a post office monthly income scheme (POMIS)?
Exit after 1 year will entail a loss of 5 per cent of the amount invested. As a result, while the investor would not suffer any loss in interest earnings, the loss of principal can be high.10 Dec 2008
Exit after 1 year will entail a loss of 5 per cent of the amount invested. As a result, while the investor would not suffer any loss in interest earnings, the loss of principal can be high. Higher the investment, higher the loss on the principal. Investors have to wait for a 3 year period if they wish to liquidate their holdings without any loss of principal.