EPFO Added 15.29 Lakh Net Subscribers During January


The Employee Provident Fund Organization (EPFO) has published provisional data, showing that EPFO has added around 15.29 lakh net subscribers during January 2022.

January 2022 has registered an increase of 2.69 lakh net subscriber’s addition as compared to the previous month of December, 2021. However, the number of members exiting EPFO has been on a declining trend since July, 2021.

Out of the 15.29 lakh net subscribers, around 8.64 lakh new members have come into the social security coverage of EPFO for the first time. Around 6.65 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.

Earlier, December 2021 had registered an increase of 14.60 lakh net subscribers addition.

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Knowledge Source :

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