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Interest rate for Variable Insurance Plans - Group Leave Encashment and Group Gratuity
| Fund Size | Interest Rate Declaration |
GROUP LEAVE ENCASHMENT (per annum) (133N044V01 & 133N044V02) |
GROUP GRATUITY (per annum) (133N045V01 & 133N045V02) |
|---|---|---|---|
| < 5 Cr | Quarterly in Advance for Quarter 1st April 2022 to 30th June 2022 |
6.90% | 7.40% |
| >= 5 Cr but < 10 Cr | 6.90% | 7.40% | |
| >= 10 Cr | 6.90% | 7.40% |
Please Note -
- The above interest rates are including the 1% p.a. minimum floor rate which needs to be credited in advance every quarter hence the additional interest rate to be declared will be 1% less.
- With this, The effective annualized return for the quarter April-June 2022 shall be 7.62% for Gratuity and 7.10% for Leave Encashment
