KAP's Interest Rate Updates for Employee Benefits as on 31 March 2024

March 29, 2024

Comments & Insights

Interest Rates Around the World

The world market is facing a recessionary uncertainty due to which there has been a decline in the Interest Rates. An impact of this recession has led to a decrease in rates as on 28-03-2024.

Comparison with 28-03-2024 Yield

As compared with 31-03-2023, rates have decreased for each tenure with an average decrease of 25 bps. However, the minimum decrease is of 6 bps for tenure 2 year and maximum of 30 bps for tenure 13, 25and 28 year.

Impact on Obligation

Decrease in yield will lead to an increase in Obligation leading to Loss due to change in Financial Assumptions, if all other Assumptions remain the same.

Impact on Asset

Increase in Fair Value of Plan Asset wherever company needs to perform MTM valuation.

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Volatility in the Interest Rate March 2017 v/s June 2017

Employee Benefit Obligations are to be valued based on G-Sec rate of estimated term as prevalent at the end of the reporting period.

Topic to be covered: Volatility in the Interest Rate March 2017 v/s September 2017

Employee Benefit Obligations are to be valued based on G-Sec rate of estimated term asprevalent at the end of the reporting period.

KAP’s Interest Rate Updates For Employee Benefits as on 30th June 2025

Summary of G-sec rates and par yields for employee benefits as of 30th June 2025.

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