Net Subscribers Under EPFO Went Up By 13.7% in April 2021 Over Previous Month

As per EPFO provisional payroll data, the number of exits in April slid by 87,821 and rejoining went up by 92,864 subscribers compared to March, 2021.

During April 2021, when the second wave of the Coronavirus pandemic had begun to rage across the country,  the Employees Provident Fund Organisation (EPFO) added around 12.76 lakh net subscribers, 13.7 per cent more than March 2021, when 11.22 net subscribers had been added to the payroll. According to the provisional payroll data of EPFO released today, the number of exits in the month of April declined by 87,821 and rejoining increased by 92,864 subscribers as compared to March, 2021. Of the 12.76 lakh net subscribers added during April, around 6.89 lakh new members have come into the social security coverage of EPFO for the first time. Also approximately 5.86 lakh net subscribers exited and then rejoined EPFO by changing their jobs within the establishments covered by EPFO and choose to retain membership through transfer of funds rather than opting for final settlement. As per the age-wise comparison of payroll, the data showed that the age-group of 22-25 years has registered highest number of net enrollments with around 3.27 lakh additions during the month of April, 2021.