Post Office Monthly Income Account rules: single and joint deposit limits set; interest rounded to nearest rupee. The rules require a single deposit in multiples of one thousand rupees with maximum limits of three lakhs for a single account and six lakhs for a joint account, and they add that interest shall be rounded to the nearest rupee, with fifty paise or more treated as one rupee and amounts less than fifty paise ignored.
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Post Office Monthly Income Account rules: single and joint deposit limits set; interest rounded to nearest rupee.
The rules require a single deposit in multiples of one thousand rupees with maximum limits of three lakhs for a single account and six lakhs for a joint account, and they add that interest shall be rounded to the nearest rupee, with fifty paise or more treated as one rupee and amounts less than fifty paise ignored.
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