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Hdfc Redemption Form

Hdfc Redemption Form

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Instructions and help about credit card redeem points hdfc form

ppf is a great way to save money and get tax benefit but it locks your money for 15 years but can you get out of it sooner well yes you can but only in three situations and there are some drawbacks too let's first look at the three situations number one a medical emergency with you or your family number two higher education for you or your kids and last in case you are moving to a different country however you will have to bear a loss that's because your returns will be calculated by decreasing the interest rate by 1% so say you invested 1.5 lakh every year for 10 years and got 8% interest your ppf balance would be 23.4 6 lakh but if you close it early the interest rate used for calculation will be 7% and you will get 22.17 lakh that's 1.29 lakh less now we've discussed what happens to ppf after 15 years and withdrawal rules in our video on our channel do check it out

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