Friday, March 31st, 2023 01:41:45

EPFO adds 14.12 lakh net subscribers in February this year

Updated: April 21, 2022 2:09 pm
Employees’ Provident Fund Organisation (EPFO) has added 14.12 lakh net subscribers in the month of February this year. The month-on-month comparison of payroll data reflects a slight increase of 31 thousand 826 net subscriber addition in February this year compared to the previous month of January. A year-on-year comparison shows an increase of over one lakh 74 thousand net additions during February as compared to net subscriber addition in corresponding month of 2021. There is a consistent increase in the net subscriber addition since October last year showcasing trust in the services rendered by the organization.

Age-wise comparison of payroll data indicates that the age group of 22 to 25 years has been on the forefront by registering the highest number of net enrolments of 3.70 lakh additions during February. This indicates that many first-time job seekers are joining the organized sector workforce in large numbers.

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