My father had invested 1.25 lakhs in Monthly Income Scheme in local Post office. I am in urgent need of money, so I just wanted to withdraw that money. I have few queries on it -
1. Can I close the monthly income scheme account prematurely?
2. If yes, is there any penalty I need to pay for this.
I wants to know all in detail. Please advise me.

Thanking you in anticipation.
Dhruv

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