August 21, 2021 10:42 AM

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EPFO adds 12.83 lakh net subscribers in June 2021

Employees' Provident Fund Organisation (EPFO) has added 12.83 lakh net subscribers in the month of June this year.<br />'' <br />''Labour and Employment Ministry said the impact of second wave of COVID-19 pandemic waned during June, leading to tremendous growth in net payroll additions as compared to April and May.<br />'' <br />''Of the total net subscribers added during the month, around 8.11 lakh new members have come under the social security coverage of Employees' Provident Funds Scheme for the first time.<br />'' <br />''During the month, around 4.73 lakh net subscribers exited, but rejoined EPFO by changing jobs within the establishments covered by EPFO.<br />'' <br />''Regarding age-wise comparison of payroll data, the age-group of 18 to 25 years has registered highest number of net enrolments with around 6.15 lakh additions.<br />'' <br />''This is 47.89 per cent of total net additions during June. This is followed by age group of 29 to 35 with around 2.55 lakh net payroll addition.<br />

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