Ministry of Labour and Employment has clarified that Employees Provident Fund Organisation (EPFO) has added around 69.58 lakh net subscribers during the current financial year.
As per the provisional payroll data of EPFO published, it highlighted growing trend with the addition of 12.37 lakh net subscribers during the month of February 2021.
Out of 12.37 lakh subscribers, around 7.56 lakh are new members. While around 4.81 lakh subscribers exited and then re-joined EPFO.
The data shows growth of 3.52 percent addition in February 2021 over January 2021. There is an increase of 19.63percent in subscribers as compared to the corresponding period in February 2020.