GBP or Great Britain Pound is Britain’s official currency which is also called Pound Sterling or Sterling. In global markets, GBP is one of the major currencies actively used and traded, like other prominent currencies – the USD, Japanese Yen and the European Union’s Euro. Its smaller unit is called Penny (its plural is Pence) which is 1/100 th of the GBP’s value.
Lower valued stocks are marked in pence and the stock exchanges on which these are listed use GBX or GBP to differentiate between penny and Pound.
The symbol for GBP is ‘£’.
A PPF calculator is an online tool that helps you calculate the maturity amount at…
Non-resident Indians are not allowed to open a new PPF account. However, if a resident…
PPF rules do not allow joint accounts. An account can only be opened in the…
After the maturity of the PPF account, you have the option to extend it for…
From the 7th financial year onwards, you can make partial withdrawals from your PPF account.…