The Employees' Provident Fund Organisation (EPFO) reported a significant increase in net subscribers, adding 15.29 lakh members in January 2022. This figure represents a rise compared to the previous month, with a substantial portion of new members being young individuals aged 18-25. The data also highlights growth in specific industries and key states like Maharashtra and Haryana, alongside an increase in female enrolments.
EPFO payroll data: EPFO adds 15.29 lakh net subscribers during the month of January, 2022
The provisional payroll data of EPFO has been released today, i.e., 20thMarch 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January, 2022 as comparedtothe net additions during the previous month of December, 2021.
Of the total 15.29 lakh net sub
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FAQ :
EPFO added 15.29 lakh net subscribers during January 2022.
The net subscriber addition in January 2022 increased by 2.69 lakh compared to December 2021.
The age group of 18-25 years registered the highest number of net enrolments, with 6.90 lakh additions, accounting for 45.11% of the total.
Maharashtra, Haryana, Gujarat, Tamil Nadu, and Karnataka led in subscriber additions, accounting for approximately 9.33 lakh subscribers.
Net female payroll addition during January 2022 was approximately 3.20 lakh, representing about 21% of the total net subscribers.
The 'expert services' category, including manpower agencies and contractors, constituted the largest portion of subscriber additions at 39.95%.