Demonetisation: Rise in bond prices pushes up NPS returns but EPF rate may be cut

Demonetisation may have caused problems in daily life, but it has also given a boost to the retirement savings of millions of Indians. Bond yields, which were already on the decline, have plummeted 56 basis points since 8 November, pushing up bond prices. NPS funds, which hold long-term bonds, have benefitted from the development. All NPS investors, including some 50 lakh state and central government workers covered by the scheme, have earned double-digit returns in the past 1-5 years. 

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