EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25

EPFO retains 8.25 pc interest rate on employees’ provident fund deposits for 2024-25

The retirement body had paid 50.8 million claims worth Rs 2.05 lakh crore in 2024-25, up from 44.5 million claims totaling Rs1.82 lakh crore in the previous year. The 8.25 per cent interest rate in 2023-24 was based on EPFO’s record investment income of Rs 1.07 lakh...
RBI allows insurers to deal with interest rate derivative products

RBI allows insurers to deal with interest rate derivative products

“Such forward contracts will enable long-term investors such as insurance funds to manage their interest rate risk across interest rate cycles. They will also enable efficient pricing of derivatives that use bonds as underlying instruments,” said Sanjay...