The provisional payroll of EPFO released yesterday revealed that it has added around 10.11 lakh net subscribers in November last year.
Despite the Covid-19 pandemic, EPFO has added around 45.29 lakh net subscribers base in the current financial year – from April to November, 2020. The data published comprises of members who have joined during the month and whose contribution has been received.
Age-wise analysis indicates that during November 2020, the age-bracket of 22-25 has registered highest growth in subscriber base with around 2.72 lakh net enrollments. This was followed by 18-21 age-bracket with around 2.21 lakh net enrollments. The 18-25 age-group members can be considered as fresh hands in the labour market and have contributed roughly 49 per cent of the new subscriber additions for November, 2020.