Whether a depositor is entitled for bonus on MIS?
Ans : No bonus shall be paid on the deposits made in the POMIS account opened on or after 13th Feb. 2006. However, bonus will be paid on all the accounts already opened before 13th Feb. 2006, on their maturity.Government of India announced bonus @ 5% on M.I.S.accounts opened on or after 8th December 2007.