When you open a fixed deposit with the bank then you are lending money to the bank and it pays you interest. As interest rate and time period are fixed this investment product is called a Fixed Deposit. Deposit up to Rs 1 lakh in any bank is protected under the Deposit Insurance & ...
E.g., the calculation will be done as of March 31, 2019, if you started investing in PPF in October 2018. This means the maturity of 15 years will be on April 1, 2034. There are onlinePPF calculators that can help you with calculating the maturity period too. PPF Interest Rate The ...