EPFO adds 1.25 million subscribers in December 2020

by Manasi Swamy

The Employees’ Provident Fund Organisation (EPFO) added 1.25 million new subscribers on a net basis in December 2020. During the month, 804,035 new subscribers joined the EPF scheme, while 294,765 exited the scheme. Besides, 744,723 members who had exited the scheme earlier, re-subscribed to it in December 2020. The EPFO revised its estimates for net subscriber addition in November 2020 downwards to 870,097 from 1 million estimated earlier.

1. https://www.epfindia.gov.in/site_docs/exmpted_est/Payroll_Data_EPFO.pdf?id=sm5_index