EPFO (Employees Provident Fund organization) recently brought out its provisional payroll data on Monday, December 20. The official Twitter handle of EPFO posted the press release which highlighted the addition of 12.73 lakh net subscribers during the month of October 2021 recording an increase of 10.22% compared to the same month last year which was 11.55 lakhs.
EPFO adds 12.73 lakh net subscribers in October 2021 with 7.57 lakh New Members. 46.12% from 18-25 age group. Year-on-year growth of net subscribers 10.22%.
Click here for more details: https://t.co/NhX3EnD48c
Payroll data link: https://t.co/8ObfxviHlm pic.twitter.com/pPyjkJYlAJ
— EPFO (@socialepfo) December 20, 2021
The payroll data also outlined the enrollment of 7.54 new members under EPF and MP act 1952 for the first time. The data shows the addition of 4335 new net enrollments in the age group under 18, 250332 in the age group of 18-21, while the age group of 22-25 years registered the highest number of net enrollments with 336607. The age group of 26-28 had the addition of 186029 new enrollments, and the age group of 29-35 registered the addition of 264832 members.
State-wise comparison of payroll figures highlights that the establishments covered in the states of Maharashtra, Haryana, Gujarat, Tamil Nadu and Karnataka are in lead by adding approximately 7.72 lakh subscribers during the month, which is around 60.64 % of total net payroll addition across all age groups.
The gender-wise analysis showcases the net share of female enrollments during the month is 2.69 lakh. Share of female enrolment is approximately 21.14% of the total net subscribers addition during the month of October, 2021.
EPFO provides provident fund, pension benefits to the members on their retirement and family pension & insurance benefits to their families in case of untimely death of the member. EPFO is country’s principal organization responsible for providing social security benefits to the organized/semi-organized sector workforce covered under the statute of EPF & MP Act, 195.
