The Employee Provident Fund Organization (EPFO) has published provisional data, showing that EPFO has added around 14.60 lakh net subscribers during December 2021.
December 2021 has registered an increase of 19.98 percent net subscriber’s addition as compared to the previous month of November, 2021. Data reflects an increase of around 2.06 lakh in net payroll additions in December 2021 as compared to 12.54 lakh net subscribers added during the corresponding month previous year. However, the number of members exiting EPFO has been on a declining trend since July, 2021.
Out of the 14.60 lakh net subscribers, around 9.11 lakh new members have come into the social security coverage of EPFO for the first time. Around 5.49 lakh net subscribers exited and then re-joined 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.