The Employees' Provident Fund Organisation (EPFO) reported a significant rise in new subscribers in July 2021, adding 14.65 lakh net members. This represents a 31.28% increase compared to June, indicating a positive trend in payroll additions. A substantial portion of these new members joined the EPFO for the first time, while many existing members opted to transfer their funds rather than withdraw them upon changing jobs.
The provisional payroll data of EPFO published on 20th September, 2021 reveals that EPFO has added around 14.65 lakh net subscribers during July, 2021. The data highlights a growing trend in net payroll additions for last four months. For the month of July 2021, the net subscriber addition has incre
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FAQ :
EPFO added approximately 14.65 lakh net subscribers in July 2021.
The net subscriber addition in July 2021 increased by 31.28% compared to June 2021, when 11.16 lakh subscribers were added.
Around 9.02 lakh new members joined the EPFO for the first time in July 2021, which is a significant portion of the total net additions.
The age group of 22-25 years registered the highest number of net enrolments with 3.88 lakh additions in July 2021.
Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka led in subscriber additions, accounting for approximately 9.17 lakh new members.
The share of female enrolment was approximately 20.56% of the total net subscriber addition during July 2021.