Public SystemsIMPROVEApproved
EPFO exempted establishments allowed to invest in New Development Bank rupee bonds
New Delhi, Delhi10 Sept 2026
India’s Labour Ministry notified that EPF exempted establishments (private PF trusts) can invest in specified rupee bonds issued by the New Development Bank (NDB), provided the bonds have an outstanding maturity of at least three years. The NDB rupee bonds were added under the ‘Debt Instruments and Related Investments’ category alongside bonds from IBRD, IFC and ADB, within the permitted investment band of 35% to 45%.
Why it matters
This expands the eligible investment universe for large employer-managed provident fund trusts, potentially channeling more long-term domestic savings into NDB’s rupee funding for infrastructure and sustainable development projects.
Ministry of Labour and Employment, Government of IndiaEmployees' Provident Fund Organisation (EPFO)