Is OTM expiry applicable for MIS position?

Say suppose on Tuesday I sell CE 1000 MIS position and the stock price is 950 Rs on Tuesday
Will my premium amount become 0 as it is MIS OTM position?

MIS position cannot be carried forward, you have to square-off your position before 3:25 pm or it will be squared-off by RMS at 3:25 pm, for which there is charge of Rs. 50 + GST.

If you want to carry forward your position, you will have to do so by taking position in NRML product type