You have Rs. 30L in your PPF account. You go to withdraw it for your daughter’s wedding which is 2 months from now. You know you are dealing with the sarkar so you go expecting a 1 week process.
The boy/girl/man/ at the counter tells you “sorry..there is a change in the rules”. You will be allowed to withdraw only Rs. 5L and the balance will be paid to you in installments of 1L each over the next 25 years …but it will bear interest at the same rate”.
How will you react to that? In Horror? stupefied?
We always told you that Mutual funds are liquid, right?
Well they are…but MF critic found out that it is not always true…..
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