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EPFO To Decide On FY21 Interest Rate Amid Drop In Formal Sector Contribution
The EPFO is expecting a dip in the total contribution from the three schemes administered by it by about 5% in FY21
04 Mar 2021, 10:35 AM IST
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...
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