EPFO Adds 17.08 Lakh Subscribers In April

Employees’ Provident Fund Organisation added added 17.08 lakh net subscribers in April, registering a year-on-year increase of 4.32 lakh.

Around 9.23 lakh new members have come under the social security cover of Employees’ Provident Funds and Miscellaneous Provisions Act for the first time, 1952, according to provisional payroll data released on Monday.

“Approximately 7.85 lakh net subscribers exited and re-joined the establishments covered under EPFO by changing their jobs within the establishments covered by EPFO. The payroll data reflects a declining trend of members exit during the last four months,” the statement said.

The age-group of 22-25 years has registered the highest number of net enrolments with 4.30 lakh additions during April 2022. This is followed by the age-group of 29-35 years.

Maharashtra, Karnataka, Tamil Nadu, Haryana, Gujarat, and Delhi topped the list by adding approximately 11.60 lakh net subscribers during the month.

“Gender-wise analysis indicates that net female payroll addition is approximately 3.65 lakh during the month. Share of female enrolment is 21.38% of the total net subscriber addition during the month of April 2022 with an increase of 17,187 net enrolments over the previous month of March 2022,” the statement said.            

‘Expert services’ (consisting of manpower agencies, private security agencies, and small contractors etc.) and ‘Trading-Commercial establishments’ constitute 48.25% of total subscriber addition, during the month.

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