12.54 lakh join in Dec, up 44% over Nov
The Employees Provident Fund Organisation (EPFO) added around 53.70 lakh subscribers during the first three quarters of the current financial year, the Union Labour Ministry said on Saturday. The provisional payroll data of EPFO showed that it had added 12.54 lakh subscribers in December 2020.
The Centre said the payroll data reflects a 44 per cent increase in net subscriber additions over November 2020. “Year-on-year comparison of payroll data shows 24 per cent growth for December 2020, indicating return to the pre-Covid levels of subscriber growth. The third quarter of the current financial year registered a 22 per cent growth over the second quarter in terms of net payroll addition, the government release said and attributed the growing trend to recent e-initiatives of EPFO.
Source: The Hindu BusinessLine