Tuesday, August 16th, 2022 03:39:04

EPFO adds around 14.65 lakh net subscribers during July this year

Updated: September 21, 2021 2:29 pm
The provisional payroll data of Employees’ Provident Fund Organisation (EPFO) today reveals that EPFO has added around 14.65 lakh net subscribers during July this year. The data highlights a growing trend in net payroll additions for the last four months. For the month of July 2021, the net subscriber addition has increased by 31.28 percent as compared to the previous month of June 2021 when the total additions were 11.16 lakh.

Of the total 14.65 lakh net subscribers, around 9.02 lakh new members have come under the social security umbrella of EPFO for the first time. Around 5.63 lakh net subscribers exited but rejoined EPFO by changing jobs within the establishments covered by EPFO.

Data also reflects that during July 2021, the number of members who have joined EPFO for the first time has increased by 6 percent, members who re-joining has increased by around 9 percent while members who exited have decreased by 36.84 percent as compared with the previous month.

Age-wise comparison of payroll data shows that the age group of 22 to 25 years has registered the highest number of net enrolments with 3.88 lakh additions during the month of July. This is followed by age group of 18-21 with around 3.27 lakh net enrolments.

State-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are in lead by adding approximately 9.17 lakh subscribers during the month, which is around 62.62 percent of total net payroll addition across all age groups.

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