Sunday, September 19, 2021

EPFO adds 12.83 lakh net subscribers in June 2021

Employees’ Provident Fund Organisation (EPFO) has added 12.83 lakh net subscribers in the month of June this year.

Labour and Employment Ministry said the impact of second wave of COVID-19 pandemic waned during June, leading to tremendous growth in net payroll additions as compared to April and May.

Of the total net subscribers added during the month, around 8.11 lakh new members have come under the social security coverage of Employees’ Provident Funds Scheme for the first time.

During the month, around 4.73 lakh net subscribers exited, but rejoined EPFO by changing jobs within the establishments covered by EPFO.

Regarding age-wise comparison of payroll data, the age-group of 18 to 25 years has registered highest number of net enrolments with around 6.15 lakh additions.

This is 47.89 per cent of total net additions during June. This is followed by age group of 29 to 35 with around 2.55 lakh net payroll addition.

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