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of <h1>Post Office Monthly Income Account deposits after 1 April 2016: Rule 8(1) amended to set 7.8% interest prospectively. (1)</h1> Rule 8(1) of the Post Office (Monthly Income Account) Rules, 1987 is amended to prescribe an interest rate of 7.8 per cent per annum for Monthly Income Account deposits made on or after 1 April 2016. The amendment is deemed to have come into force from 1 April 2016, and applies prospectively to qualifying deposits made on or after that date, determining the rate payable on such deposits.
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