The provisional payroll data of Employees’ Provident Fund Organisation (EPFO) today reveals that EPFO has added around 14.65 lakh net subscribers during July this year.
The data highlights a growing trend in net payroll additions for the last four months.
For the month of July 2021, the net subscriber addition has increased by 31.28 percent as compared to the previous month of June 2021 when the total additions were 11.16 lakh.
Of the total 14.65 lakh net subscribers, around 9.02 lakh new members have come under the social security umbrella of EPFO for the first time.
Around 5.63 lakh net subscribers exited but rejoined EPFO by changing jobs within the establishments covered by EPFO.