EPFO subscribers base swells by 15.29 lakh in Jan
Retirement fund body EPFO added 15.29 lakh subscribers on a net basis in January 2022, an increase of over 21 per cent compared to 12.60 lakh in December 2021, according to the latest payroll data.
New Delhi: Retirement fund body EPFO added 15.29 lakh subscribers on a net basis in January 2022, an increase of over 21 per cent compared to 12.60 lakh in December 2021, according to the latest payroll data.
"The provisional payroll data of EPFO has been released today, i.e., 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January 2022, as compared to the net additions during the previous month of December 2021," a labour ministry statement said on Sunday.
As per the data, 12.60 lakh net new members were added in December 2021. Of the total 15.29 lakh net subscribers added in January, around 8.64 lakh new members have been registered under the social security ambit of the EPF & MP Act, 1952, according to the statement. Approximately 6.65 lakh net subscribers exited the scheme but re-joined EPFO by continuing their membership with EPFO instead of opting for final withdrawal. The payroll data also reflects a declining trend in the number of members exited since July 2021, the statement said.
