Hi,
Can any one clarify me about PPF duration? I’m aware that it is 15 years but I want to know the maturity duration is exactly 180 months or it’s calculated on yearly basis.
For example, if I open the PPF account in Nov-2014 will it mature exactly at Nov-29 or Mar-30?
Please reply if someone has the clear information.
Thanks in Advance,
Karthikeyan R