An employee counts rupee currency notes inside a private money exchange office in New Delhi.
The Employees’ Provident Fund Organisation will declare the rate of interest it will pay for FY21 on Thursday, closing a year when contributions from the formal sector workforce declined for the first time in a decade.The EPFO is expecting a dip in total contributions, across the three schemes administered by it, of about Rs 1.62 lakh crore in FY21, a drop of 5% compared to the previous fiscal year. Collections are about 11% lower th...