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of <h1>2003 Amendment Introduces Rule 9A: Post-Maturity Interest on Unpaid Deposits, Aligns with Savings Rates, Ignores Partial Months.</h1> The Post Office (Monthly Income Account) (Third Amendment) Rules, 2003, effective upon publication, amends the 1987 rules by introducing Rule 9A regarding post-maturity interest. If a deposit with bonus becomes due but remains unpaid, simple interest is allowed for up to two years from maturity to repayment. The interest rate aligns with current savings account rates and is paid in a lump sum upon repayment. Periods less than a month are ignored for interest calculation. This amendment is part of a series of updates to the original 1987 rules.
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