Definition: Under a settlement option, the maturity amount entitled to a life insurance policyholder is paid in structured periodic installments (up to a certain stipulated period of time post ...
The maximum investment in a PPF account has been capped at Rs 1.5 lakh in a financial year. The scheme has a maturity period of 15 years after which investors can withdraw the maturity amount. However ...
The current interest rate under the scheme is 7.5% p.a. The maturity period has also been set at the maximum of 120 months. The principal amount can be withdrawn after this period only. Here is an ...
You’ll have a grace period, which at most banks starts on the CD maturity date and lasts for up to 10 days. During this period, you’ll have to decide what you want to do with your money.
Investors can contribute between ₹500 and ₹1.5 lakh annually to a PPF account, which offers a 7.1% interest rate. With monthly investments of ₹12,500, one can accumulate nearly ₹1.5 crore over 30 ...