What is the exit age of PPF?

The exit age of a Public Provident Fund (PPF) account is determined by the maturity period of the account. The maturity period of a PPF account is 15 years from the end of the financial year in which the account was opened. It means that the PPF account will mature after 15 years from the date of opening.

For example, if you opened a PPF account on any date in the financial year 2023-2024, the maturity period would be 15 years from the end of that financial year, which would be on April 1, 2039. Therefore, your PPF account would mature on April 1, 2039.

Once the PPF account matures at the end of the 15-year period, you have the option to either withdraw the entire balance or extend the account in blocks of five years. If you choose to extend the account, you can continue making contributions, earn interest, and make partial withdrawals as per the rules during each five-year extension block.

It's important to note that PPF is a long-term savings scheme, and premature closure of the account is generally not allowed before the maturity period of 15 years. However, certain exceptions are provided in case of specific financial needs and emergencies. It is advisable to familiarize yourself with the PPF rules and consult with the bank or post office where you hold the PPF account for more information on the exit age and withdrawal options.

[Note: This isn't lic orginal site. This is the main thing to shear data about lic]

Top of Form

Comments

The Power of Words: Exploring LIC's Iconic Slogans

The Life Insurance Corporation of India (LIC) has used various slogans over the years to promote its services and create awareness about life insurance. Some of the popular slogans used by LIC include: 1. "Zindagi ke saath bhi, zindagi ke baad bhi" - This slogan emphasizes that LIC provides financial security and support during life as well as after life. 2. "Yeh pal humara hai" - This slogan highlights that LIC is there to safeguard and cherish the precious moments of life. 3. "Zindagi ke sath bhi, zindagi ke baad bhi" - Similar to the first slogan, this phrase conveys that LIC stands by its customers through all stages of life. 4. "Behtar tohfa hai jiwan, jiwan ka" - This slogan suggests that life insurance from LIC is the best gift one can give to themselves and their loved ones. 5. "Humara apna khata" - This phrase implies that LIC is like a trusted account holder for your financial security. 6. &quo

basic understanding of stock market

Here's a basic understanding of the stock market: A. What is it? The stock market is a network of exchanges where investors buy and sell shares of ownership (stocks) in publicly traded companies. Think of it as a giant marketplace where companies raise money by selling ownership stakes, and investors buy those stakes hoping they'll increase in value. B. Key players: Companies: They issue shares to raise capital for growth and operations. Investors: Individuals or institutions buying and selling shares. Stock exchanges: Platforms like the NYSE or Nasdaq where shares are traded. Brokers and advisors: Help investors buy and sell shares. C. How it works: Companies publicly sell shares through an initial public offering (IPO) . Investors buy shares hoping they'll rise in price, allowing them to sell for a profit (capital gains). The price of a stock fluctuates based on supply and demand, influenced by company performance, economic factors, and market

The Step-by-Step Guide to Converting Your LIC Policy to Paid Up

To change over your LIC (Life Insurance Corporation of India) strategy to a settled up approach, you want to follow these means: Check Strategy Arrangements: In the first place, survey your LIC strategy reports to decide whether it is qualified for transformation to a settled up approach. Regularly, conventional taking part strategies that have gained an acquiescence esteem are qualified for change. Contact LIC or Your Representative: Contact your closest LIC branch or reach out to your insurance specialist to start the method involved with switching your contract over completely to a settled up status. They will direct you through the necessary advances and documentation. Fill the Application: You might have to finish up an application structure given by LIC to demand the change of your strategy to a settled up arrangement. This structure will require your approach subtleties and your mark. Pay Any Forthcoming Charges: On the off chance that you have any forthcoming expenses, you migh

life Insurance

Search This Blog