The Employees' Provident Fund Organisation (EPFO) reported a significant increase in net subscribers for February 2021, with 12.37 lakh new members joining. This growth, despite the COVID-19 pandemic, reflects a 3.52% rise compared to January 2021 and a 19.63% increase year-on-year. The expansion is attributed to EPFO's e-initiatives and government support schemes aimed at formalising the economy.
69.58 lakh net subscribers added till February during current financial year
The provisional payroll data of EPFO has been published on 20th April, 2021 highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021. Despite COVID-19 pandemic, EPFO h
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FAQ :
EPFO added 12.37 lakh net subscribers in February 2021.
There was a growth of 3.52% in net subscribers in February 2021 compared to January 2021.
The year-on-year comparison shows an increase of 19.63% in net subscribers in February 2021 compared to February 2020.
The age bracket of 22-25 registered the highest number of net enrollments, with around 3.29 lakh new subscribers.
The 'expert services' category dominated with 4.99 lakh net payroll additions in February 2021.
Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka were at the forefront of net payroll additions during the current financial year.