The Employee Provident Fund Organization (EPFO) has published provisional data, showing that EPFO has added around 15.32 lakh net subscribers during March 2022.
March 2022 has registered an increase of 2.47 lakh net subscriber’s addition as compared to the previous month of February, 2022. There is consistent increase in the net subscriber addition since October, 2021.
Out of the 15.32 lakh net subscribers, around 9.68 lakh new members have come into the social security coverage of EPFO for the first time. Around 5.64 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.