EPFO adds 12.37 lakh subscribers in February

April 21, 2021 02:20 am | Updated 02:20 am IST - NEW DELHI

The Employees’ Provident Fund Organisation (EPFO) said on Tuesday it had recorded a net addition of 12.37 lakh subscribers in February.

“Despite COVID-19 pandemic, EPFO has added around 69.58 lakh net subscribers during the current financial year. The data reflects growth of 3.52% in net subscribers addition in February 2021 over January 2021. Year-on-year comparison of payroll data indicates an increase of 19.63% in net subscribers, as compared to the corresponding period in February 2020,” it said.

Of the net additions, 7.56 lakh joined for the first time and about 4.81 lakh exited and re-joined while switching jobs. About 3.29 lakh of the net additions were in the 22-25 age bracket, while 2.51 lakh were in the 29-35 age group.

“Category-wise analysis of industries reflects dominance of ‘expert services’ category, with overall additions of 4.99 lakh net payroll additions in February 2021, followed by ‘trading-commercial establishments’ category, contributing around 84,000 subscribers,” it said.

Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are in forefront of net payroll addition.

0 / 0
Sign in to unlock member-only benefits!
  • Access 10 free stories every month
  • Save stories to read later
  • Access to comment on every story
  • Sign-up/manage your newsletter subscriptions with a single click
  • Get notified by email for early access to discounts & offers on our products
Sign in

Comments

Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.