<span style="color: #222222;">The provisional payroll data of the Employees' Provident Fund Organisation (EPFO) which was released today highlights that the Organisation has added 14.60 lakh net subscribers during December 2021. It shows an increase of around two lakh in net payroll additions in December last year as compared to 12.54 lakh net subscribers added during the corresponding month of previous year.<br />''<br />'' Ministry of Labour and Employment in a statement said that of the total 14.60 lakh net subscribers added, 9.11 lakh new members have been enrolled under Employees Provident Funds and Miscellaneous Provisions Act, 1952 for the first time. Approximately 5.49 lakh net subscribers exited but rejoined EPFO by opting to continue their membership by transferring their PF accumulations from previous to present PF account instead of opting for final withdrawal. Further, the number of members exiting EPFO has been on a declining trend since July last year. EPFO provides provident fund, pension benefits to the members on their retirement and family pension and insurance benefits to their families in case of untimely death of the member.</span><br />
News On AIR | February 20, 2022 8:16 PM
EPFO adds 14.6 lakh net subscribers during December last year