Wednesday, July 21, 2021

Employees Provident Funds EPFO Adds 9.20 Lakh Net Subscribers in May 2021

 - As per Payroll Data, Employees Provident Fund Organisation EPFO has added 9.20 lakhs net subscribers in the month of May 2021

- During the month 3.47 lakh net subscribers exited but then rejoined EPFO by changing their jobs and opted to retain membership 

- 2.39 lakh net additions were in the age group of 22-25 years - 1.90 lakhs enrollments were in the age group of 29-35 years age

- Gender wise analysis states 21.77% of total subscribers in the month of May 2021 were female workers

- Industry wise payroll data states 'expert' service category consisting of manpower agencies, private security agencies and small contractors comprise 46.77% of total subscribers 

- In April, May first two months of current financial year EPFO could add cumulative subscribers base of 20.20 lakhs 

- For more updates one can read official press release of Union Government

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