7 Out of 11 NPS Equity Funds Outperform Benchmarks; DSP Leads with 13.75% Returns

The National Pension System (NPS) equity funds, classified under Scheme E, have demonstrated strong performance over various time horizons. Not only have these funds surpassed the Nifty 200 TRI benchmark in the long run (3- and 5-year periods), but several have also outperformed large-cap mutual funds. 

Even in the short term—over a one-year period—7 out of 11 pension equity schemes have delivered better returns than the benchmark and large-cap mutual fund average, according to data as of March 7, 2025.

Performance Highlights of NPS Equity Funds

The newly introduced DSP Pension Fund Managers’ equity scheme emerged as the top performer over the one-year period, delivering 13.75% returns—a significant lead over its closest competitor, UTI Pension Fund, which posted 3.61%. In comparison, the Nifty 200 TRI returned just 1%, while the large-cap mutual fund category average was 1.16%.

At the lower end of the spectrum, Max Life Pension Fund (-0.44%) and SBI Pension Funds (-3.59%) posted negative returns, which dragged down the overall performance of equity pension schemes as a category.

NPS Pension Fund Returns Overview (as of March 7, 2025)

 

Equities 1 Year Returns (%) 3 Years Returns (%) 5 Years Returns (%)
DSP Pension Fund Managers 13.75 NA NA
UTI Pension Fund 3.61 13.47 17.38
Kotak Mahindra Pension Fund 3.42 13.18 17.04
HDFC Pension Fund 2.1 12.13 16.43
ICICI Pru Pension Fund 1.36 13.1 17.13
Axis Pension Fund 1.18 NA NA
Tata Pension Fund 1.17 NA NA
LIC Pension Fund 0.86 12.05 16.77
Aditya Birla Sun Life Pension Fund 0.68 11.99 15.76
Max Life Pension Fund -0.44 NA NA
SBI Pension Funds -3.59 10.01 14.75
Nifty 200 TRI (Benchmark) 1 12.17 17.08
Large-cap mutual funds category average 1.16 11.27 14.87

Understanding NPS: A Retirement Investment Avenue

The National Pension System (NPS) is a voluntary retirement savings scheme available to Indian citizens aged between 18 and 70 years. It allows individuals to build a retirement corpus while enjoying tax benefits.

Tax Benefits of NPS Investments

Investing in NPS provides multiple tax advantages under the old tax regime:

  • Section 80C: Deduction of up to ₹1.5 lakh on an individual’s own contribution.
  • Section 80CCD(1B): Additional deduction of up to ₹50,000 on voluntary contributions.
  • Section 80CCD(2): Employer contributions are also tax-deductible. The deduction limit is 10% of basic salary and dearness allowance (DA) under the old tax regime, while it is higher at 14% under the new tax regime.

Withdrawals and Tax Implications at Retirement

Upon reaching the age of 60, an NPS investor can withdraw up to 60% of the corpus as a tax-free lump sum. The remaining 40% must be converted into annuities, and the income from annuities is taxed as per the investor’s applicable income tax slab.

Final Thoughts

NPS equity funds have demonstrated strong potential for long-term growth, with certain pension fund managers delivering superior returns compared to both the Nifty 200 TRI and large-cap mutual funds. While short-term performance can fluctuate, these funds serve as a viable option for retirement-focused investors.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Top 5 Tax-Saving Mutual Funds in 2025: ₹5 Lakh Turned Over ₹20 Lakh in Just 5 Years with CAGR of 33%

The stock market has witnessed a notable correction from its September highs, erasing significant gains that mutual funds across categories had accumulated in the post-pandemic period. Benchmark indices such as the Sensex and Nifty have seen a double-digit decline from their peaks, affecting short-term returns across equity mutual funds. This downturn has made selecting the right fund more complex, especially for investors looking to balance risk and reward.

Why Consider Tax-Saving Mutual Funds?

As the financial year approaches its end, many investors seek tax-saving instruments under the Old Tax Regime. For those aiming to build long-term wealth while availing of tax benefits, Equity Linked Savings Schemes (ELSS) present a viable option. 

Top 5 Tax-Saving Mutual Funds of 2025

The following ELSS funds have demonstrated exceptional performance, with an initial investment of ₹5 lakh growing significantly over 5 years.

Scheme Name AUM (₹ in Crore) Expense Ratio (%) Invested Amount in ₹ Current Value in ₹ Annualised Return (%)
Quant ELSS Tax Saver  10,118.96 0.5 5,00,000 20,59,600 32.71
Parag Parikh ELSS Tax Saver  4,572.13 0.63 5,00,000 15,15,665 24.82
HDFC ELSS Tax saver  15,413.45 1.09 5,00,000 14,93,578 24.45
BANDHAN ELSS Tax Saver  6,620.13 0.68 5,00,000 14,6,5416 23.98
DSP ELSS Tax Saver  15,985.06 0.72 5,00,000 14,20,779 23.21

Note: Data as of March 11, 2025. 

Conclusion

For investors looking to optimise their tax planning while generating potential long-term capital appreciation, ELSS mutual funds remain a sought-after investment avenue. Despite market corrections, select funds have demonstrated resilience, rewarding investors with substantial growth over time. However, it is essential to consider individual financial goals, risk tolerance, and investment horizons before making any decisions.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Maharashtra Budget: CNG, LPG Cars to Get Costlier, High-End EVs Face 6% Tax from April 1

The Maharashtra government has announced an increase in the Motor Vehicle Tax for private CNG and LPG vehicle owners, raising it by 1%. This tax adjustment applies solely to non-commercial vehicles, excluding public transport options such as auto-rickshaws, taxis, and buses. The move is expected to impact buyers looking for more economical and eco-friendly fuel alternatives.

High-End Electric Vehicles to Attract 6% Tax

Luxury electric vehicle (EV) owners will also face higher costs, as the state has introduced a one-time 6% tax on EVs priced above ₹30 lakh. This move comes at a time when EV adoption is increasing, and Maharashtra has been a significant proponent of electric mobility. While the rationale behind the tax is revenue generation, it may also impact the demand for premium EVs.

Increased Tax on Construction and Light Goods Vehicles

Apart from private vehicles, the state budget also introduced a 7% tax on vehicles used in construction activities. This is expected to generate approximately ₹180 crore in additional revenue. Additionally, light goods vehicles (LGVs) carrying goods up to 7,500 kg will now be taxed at 7%, bringing in an estimated ₹625 crore for the state’s coffers.

Revised Tax Limits for Motor Vehicles

To further boost revenue, the Maharashtra government has raised the maximum Motor Vehicle Tax limit from ₹20 lakh to ₹30 lakh. This change is projected to generate ₹170 crore in additional tax collections.

Revenue Expectations from the Tax Changes

The combined tax revisions on CNG, LPG, EVs, and commercial vehicles are expected to contribute significantly to Maharashtra’s budget. The government estimates the 1% tax hike on private CNG and LPG vehicles will generate ₹150 crore in the fiscal year 2025-26. Meanwhile, the taxation of LGVs and construction vehicles will add a substantial boost to the state’s revenue.

Conclusion: Implications for Vehicle Buyers

With these new tax regulations coming into effect from April 1, vehicle buyers in Maharashtra may need to reassess their purchase decisions. While the increase in tax on CNG and LPG vehicles remains moderate, high-end EV buyers will face a more significant cost burden.

The state’s decision aligns with its broader fiscal objectives, balancing revenue generation while maintaining incentives for public transport and sustainable mobility options.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Infosys Share Price Falls; Shruti Shibulal Buys 29.84 Lakh Shares Amid Turmoil

On Wednesday, March 12, 2025, the Indian IT sector witnessed a sharp decline, with the Nifty IT index plummeting over 3% as fears of a potential US recession rattled investor sentiment. The decline has now pushed the index into bear market territory, having plunged 22% from its 52-week high of 46,088.90, recorded in December 2024.

A bear market is typically defined as a fall of 20% or more from a recent peak, and the Nifty IT index has now crossed this threshold, reflecting the mounting uncertainty around IT companies’ future growth prospects.

Infosys Share Price Steepest Single-Day Fall 

Among the major IT firms, Infosys bore the brunt of the sell-off, with its share price tumbling 4.70% as of 2:25 PM—marking its steepest single-day decline since January 17, 2025.

The sharp drop in Infosys and other IT stocks is primarily driven by concerns about a potential economic slowdown in the US, which remains the largest revenue-generating market for Indian IT companies. Any downturn in the US economy could significantly impact the sector’s earnings, leading to weaker deal wins and lower growth forecasts.

Outlook on Infosys Weighs on Sentiment

Investor sentiment was further dampened amid concerns about Infosys’ growth prospects, as per news reports. According to news reports, the company’s deal wins in FY25 are expected to be weaker than the previous fiscal year, raising doubts about its near-term revenue trajectory.

As a result, market participants are closely watching Infosys and other IT giants, given their high exposure to global economic conditions and dependence on overseas contracts.

Insider Buying Amid Market Volatility

Despite the prevailing uncertainty and sharp correction in stock prices, Shruti Shibulal, daughter of Infosys co-founder SD Shibulal, purchased 29.84 lakh shares of Infosys through an open market transaction worth ₹494 crore on Tuesday.

As per NSE block deal data, the shares were acquired at an average price of ₹1,657 per share. The large insider purchase has caught the market’s attention, as such transactions often indicate long-term confidence in the company’s fundamentals despite short-term volatility.

Conclusion

The IT sector continues to face macroeconomic headwinds, with concerns over a potential US recession impacting investor sentiment. While the market grapples with weaker deal flows and a bearish trend, insider buying in Infosys has provided a contrasting perspective on long-term prospects. The sector’s performance will likely hinge on global economic trends and corporate earnings updates in the coming months.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

Silver Price Jumps Over by ₹500: Check Gold and Silver Rates in Your City on March 12

On March 12, 2025, gold prices traded flat in the international market. Meanwhile, in the domestic market, prices saw a marginal decline. In the international market, gold prices increased by 0.02%, reaching $2,915.92 as of 1:42 PM.

In India, gold prices fell by ₹70 per 10 grams in major cities on March 12, 2025, as of 1:42 PM.

In Mumbai, 24-carat gold is priced at ₹8,625 per gram, while 22-carat gold now costs ₹7,906 per gram. The price for 24-carat gold stands at ₹86,250 per 10 grams.

In Delhi, 22-carat gold is currently priced at ₹78,925 per 10 grams, while 24-carat gold is trading at ₹86,100 per 10 grams.

Gold Prices Across Major Indian Cities on March 12, 2025

Here is a detailed breakdown of gold prices as of March 12, 2025:

City 24 Carat Gold (per 10gm in ₹) 22 Carat Gold (per 10gm in ₹)
Chennai 86,500 79,292
Hyderabad 86,390 79,191
Delhi 86,100 78,925
Mumbai 86,250 79,063
Bangalore 86,320 79,127

Silver Prices in India on March 12, 2025

International silver prices increased by 0.44% to $32.06 on March 12, 2025 as of 1:35 PM. In India, silver prices surged by ₹560 per kg.

Silver Prices Across Major Indian Cities

 

City Silver Rate in ₹/kg 
Mumbai 98,700
Delhi 98,530
Kolkata 98,570
Chennai 98,990

Key Takeaways

  • Gold Prices: Both 22-carat and 24-carat gold prices saw a marginal decline in major Indian cities, while international prices recorded slight gains.
  • Silver Prices: Silver prices jumped over by ₹500 per kg in India and rose 0.44% in global markets

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

AMFI February 2025: Equity Mutual Fund Inflows Drop 26.16% MoM; Sectoral Funds Fall 36.64%

Investor sentiment in the equity mutual fund space weakened in February 2025, as per data from the Association of Mutual Funds in India (AMFI). Net inflows in equity mutual funds stood at ₹29,303.34 crore, representing a 26.16% decline from January’s ₹39,687.78 crore.

The decline in inflows aligns with global market uncertainties, concerns over the tariff war, and continued Foreign Institutional Investor (FII) outflows. These factors contributed to a more cautious investment approach, leading to a significant pullback in fresh investments across equity categories.

AUM Declines by ₹2.8 Lakh Crore

The total assets under management (AUM) of the mutual fund industry saw a contraction, dropping from ₹67.3 lakh crore in January to ₹64.5 lakh crore in February. This represents a 4.15% month-on-month (MoM) decline.

Mid-Cap and Small-Cap Funds Witness Double-Digit Declines

Mid-cap and small-cap funds, which had been receiving strong investor interest, experienced a notable reduction in inflows.

  • Mid-cap funds: Inflows declined by 33.79% MoM, from ₹5,147.87 crore in January to ₹3,406.95 crore in February.
  • Small-cap funds: Inflows fell by 34.96% MoM, from ₹5,720.87 crore in January to ₹3,722.46 crore in February.

Large-Cap Funds Hold Ground but See Marginal Drop

Large-cap funds, considered a safer bet during volatile periods, also saw reduced inflows.

  • Inflows stood at ₹2,866 crore in February, compared to ₹3,063.33 crore in January, reflecting a 6.44% MoM decline.

Sectoral and Thematic Funds See a Steep 36.64% MoM Drop

Sectoral and thematic funds, which had been one of the biggest gainers in the past few months, saw a significant slowdown in February.

  • Inflows dropped from ₹9,016.60 crore in January to ₹5,711.58 crore in February, marking a 36.64% MoM decline.

SIP Inflows Dip 1.5% in February 2025

Systematic Investment Plans (SIPs), a key indicator of retail investor participation, also recorded a slight decline.

  • SIP inflows stood at ₹25,999 crore in February, down 1.5% from ₹26,400 crore in January.

NFO Mobilisation Stands at ₹4,029 Crore

A total of 29 new fund offers (NFOs) were launched in February 2025, collectively mobilising ₹4,029 crore.

Conclusion

The February 2025 AMFI data paints a picture of investor caution, with equity inflows declining by 26.16% MoM amid tariff war concerns and FII outflows. The sharp 36.64% drop in sectoral fund inflows, along with the decline in mid- and small-cap fund participation, signals a shift in sentiment. SIP inflows saw a minor dip of 1.5%.

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Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Mutual Fund investments in the securities market are subject to market risks, read all the related documents carefully before investing.

https://www.angelone.in/blog/pm-internship-scheme-2025-registration-deadline-extended-apply-before-march-31

The Competition Commission of India (CCI) has given the green light to ONGC-NTPC Green Pvt Ltd (ONGPL) for acquiring Ayana Renewable Power Pvt Ltd in a deal valued at ₹19,500 crore ($2.3 billion). ONGPL is a 50:50 joint venture between ONGC Green (OGL) and NTPC Green Energy Ltd (NGEL).

As per the CCI’s statement: “The proposed combination involves the acquisition of 100 per cent equity share capital of the target (Ayana Renewable Power) by the acquirer (ONGC NTPC Green),” confirming the full takeover.

This strategic move aligns with India’s push towards expanding its renewable energy footprint by integrating Ayana’s extensive solar, wind, and hybrid power portfolio.

Deal Structure and Key Shareholders

Last month, ONGPL finalised a share purchase agreement with Ayana’s key shareholders to acquire a 100% stake. The previous ownership structure included:

  • National Investment and Infrastructure Fund (NIIF): 51%
  • British International Investment Plc (BII) & subsidiaries: 32%
  • Eversource Capital: 17%

This deal makes it one of the largest renewable energy acquisitions in India, second only to Adani Green Energy’s $3.5 billion acquisition of SB Energy India in 2021.

Ayana Renewable Power’s Portfolio and Growth Plans

Ayana Renewable Power is a significant player in India’s clean energy sector with a diversified portfolio:

  • 4.1 GW of operational and under-construction assets
  • 3 GW of renewable projects in the pipeline, including solar, wind, hybrid, and round-the-clock (RTC) energy solutions

The company plans to commission a 300-MW solar power project and a 140-MW wind energy project in FY25, with additional capacity rollout through FY26 and FY27.

About the Acquiring Entities

ONGC Green (OGL):

  • A wholly-owned subsidiary of Oil and Natural Gas Corporation Ltd (ONGC)
  • Focuses on solar, wind, and energy storage solutions
  • Actively pursuing greenfield and brownfield acquisitions to accelerate India’s renewable energy transition

NTPC Green Energy Ltd (NGEL):

  • A subsidiary of NTPC Ltd leading the company’s renewable energy initiatives
  • Aims to reach 60 GW of renewable energy capacity by 2032

National Investment and Infrastructure Fund (NIIF):

  • India’s sovereign-linked asset manager with $4.4 billion in equity capital commitments

British International Investment (BII):

  • The UK’s development finance institution, promoting sustainable economic growth in emerging markets

Eversource Capital:

  • Manages one of the largest climate-focused funds
  • Specialises in energy transition, industrial decarbonisation, and urban sustainability

Conclusion

The ONGC-NTPC Green acquisition of Ayana Renewable Power marks a major milestone in India’s clean energy sector, reinforcing the country’s commitment to sustainability. With its vast renewable portfolio and strong backing from energy giants, Ayana is poised for significant capacity expansion in the coming years. This deal underscores India’s growing emphasis on scalable and sustainable energy solutions, paving the way for a greener future.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

PM Internship Scheme 2025: Registration Deadline Extended—Apply Before March 31

The PM Internship Scheme 2025 offers young graduates and diploma holders an opportunity to gain industry exposure and practical experience across various sectors. Initially launched with an earlier deadline, the Ministry of Corporate Affairs (MCA) has now extended the registration period, allowing more candidates to apply until March 31, 2025.

Aspiring interns can register and submit their applications through the official website: pminternship.mca.gov.in. The government has clarified that there are no registration or application fees associated with this internship.

Eligibility Criteria

To ensure that only eligible candidates apply, the PM Internship Scheme has laid out specific criteria:

  1. Educational Qualifications:

    • Applicants should have completed High School or Higher Secondary education.
    • Candidates with an ITI certification, Polytechnic diploma, or an undergraduate degree in disciplines such as BA, B.Sc, B.Com, BCA, BBA, B.Pharma, etc., can apply.
  2. Age Limit:

    • Candidates must be between 21 and 24 years old as of the last date of application submission.
  3. Nationality:

    • Only Indian nationals are eligible to apply.
  4. Employment & Educational Status:

    • The candidate must not be employed full-time or engaged in full-time education.
    • Those enrolled in online or distance learning programmes are eligible to apply.

How is the PM Internship Scheme Different?

Unlike other existing skill development, apprenticeship, and internship programmes run by central or state governments, the PM Internship Scheme 2025 operates independently. It is not linked to any State or Union Territory (UT) schemes and functions as a standalone initiative aimed at enhancing career prospects for young professionals.

This initiative seeks to bridge the gap between academic learning and real-world industry exposure, allowing participants to gain hands-on experience and valuable insights across different sectors.

Application Process

The application process is straightforward:

  1. Visit the official portal pminternship.mca.gov.in.
  2. Register and create a profile by providing necessary details.
  3. Apply for relevant opportunities based on your qualifications and interests.
  4. Submit your application before March 31, 2025.

Final Thoughts

The PM Internship Scheme 2025 provides a unique opportunity for young professionals to gain industry exposure, develop new skills, and enhance their career prospects. With the deadline now extended, eligible candidates still have time to register and apply before March 31, 2025.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

SEPC Shares Surge After Securing Major Deal in Saudi Arabia

SEPC Ltd., a leading civil construction firm, witnessed over 19% surge in its share price during early trading on Wednesday. This came after the company announced a significant framework agreement with the Riyadh-based ROSHN Group for infrastructure development in Saudi Arabia. The deal marks a major step forward for SEPC, reinforcing its presence in the international market.

Framework Agreement for Jeddah North Project

SEPC Ltd. has submitted bids for infrastructure development across three zones in Jeddah North, Phase 1A, with an estimated value of SAR 893 million (approximately ₹2,200 crore). The company stated that, based on the agreement, it expects to receive orders for at least one of these zones. This strategic deal aligns with SEPC’s long-term growth objectives, expanding its footprint beyond India and into the Middle East.

Company Performance and Growth Outlook

SEPC reported a revenue of ₹133 crore in the December quarter, with a net profit of ₹4.4 crore. The firm specialises in turnkey solutions for process and metallurgy, water infrastructure, power, mining, and mineral processing. SEPC’s key clientele includes Indian government bodies, Tata Steel, SAIL, and Jindal Steel & Power. The company’s order book currently stands at ₹8,456 crore, positioning it well for future growth and expansion.

SEPC Share Performance 

As of March 12, 2025, at 2:15 PM, the shares of SEPC Ltd are trading at ₹15.27 per share, reflecting a surge of 19.30% from the previous day’s closing price.

Conclusion

SEPC’s framework agreement with ROSHN Group in Saudi Arabia underscores its growing international presence. With a strong order book and key partnerships, the company continues to establish itself as a major player in infrastructure development.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.

New Notes of ₹100 and ₹200 with New RBI Governor’s Signature: What You Need to Know

The Reserve Bank of India (RBI) has announced the imminent release of new ₹100 and ₹200 denomination banknotes. These notes will belong to the Mahatma Gandhi (New) Series and will bear the signature of Shri Sanjay Malhotra, the newly appointed RBI Governor. The introduction of these banknotes is a standard procedural update that follows the appointment of a new Governor and does not signify any changes in design or security features.

Design and Features Remain Unchanged

The RBI has confirmed that the design of the new ₹100 and ₹200 notes will remain identical to the existing ones in circulation under the Mahatma Gandhi (New) Series. This ensures continuity in the appearance and recognition of the currency. The issuance is a routine measure undertaken to align the notes with the signature of the incumbent Governor, a practice followed for decades.

No Impact on the Validity of Existing Banknotes

All previously issued ₹100 and ₹200 banknotes will continue to be legal tender. The introduction of the newly signed banknotes does not affect the validity of older notes in circulation. The RBI periodically updates banknotes with the signature of the serving Governor to maintain consistency in the monetary system, but this does not necessitate any action from the public regarding existing currency holdings.

Sanjay Malhotra: The 26th RBI Governor

Sanjay Malhotra, a 1990 Batch Indian Administrative Service (IAS) officer from the Rajasthan Cadre, assumed office as the 26th Governor of the Reserve Bank of India on December 11, 2024. His tenure is set for 3 years, during which he will oversee monetary policy, financial regulation, and economic stability in the country.

Conclusion

The RBI’s announcement of new ₹100 and ₹200 banknotes bearing the signature of Sanjay Malhotra is part of standard currency management procedures. With no changes to the design and continued validity of older banknotes, this development is simply an administrative update reflecting the appointment of a new RBI Governor.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.