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EPFO adds around 10.11 lakh net subscribers in November 2020

The provisional payroll of EPFO released yesterday revealed that it has added around 10.11 lakh net subscribers in November last year.

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.

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