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- 2023-2024
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| Fund Size | NEW GROUP FUND – GROUP LEAVE ENCASHMENT 133N044V03) |
NEW GROUP FUND – GROUP GRATUITY 133N045V03 |
|---|---|---|
| < 1 Cr | 7.15% | 7.25% |
| >= 1 Cr and < 2 Cr | 7.25% | 7.30% |
| >=2 Cr and < 5 Cr | 7.25% | 7.30% |
| >=5 Cr and < 15Cr | 7.25% | 7.35% |
| >=15 Cr | 7.35% | 7.40% |
Please Note -
- The interest rate would be credited on a pro-rata basis based on the number of days the fund has been invested with the company.
- Fund size for a particular scheme will be determined based on fund value (without interest) as on 31 March 2024.
The Fund Value of all non-linked fund-based schemes managed by Future Generali for a given Master Policyholder (one company or all companies belonging to same group) shall be clubbed to determine the size of fund. - The interim rates for 2024-25 @ 5% p.a. for NEW group funds which will be applied for exits during the financial year for which interest rate is not yet declared. This is based on 10-year G-sec rate (7.19%) less 2% rounded down to nearest 1%.