The Employee Provident Fund Organisation (EPFO) has published provisional data, showing that EPFO has added around 12.76 lakh net subscribers during April 2021.
April 2021 has registered an increase of 13.73 percent net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were added to the payroll. Data reflects that the number of exits in the month of April 2021 have declined by 87,821 and rejoining has increased by 92,864 subscribers as compared to March 2021.
Out of the 12.76 lakh net subscribers, around 6.89 lakh new members have come into the social security coverage of EPFO for the first time. Around 5.86 lakh net subscribers exited and then rejoined EPFO by changing their jobs within the establishments covered by EPFO and choose to retain membership through transfer of funds rather than opting for final settlement.