EPFO's subscribers rose by 8 lakh in 2020-21 first quarter
India, Aug. 29 -- NEW DELHI: More than 8 lakh subscribers of the EPFO (Employees' Provident Fund Organisation) were added during the first quarter of the current financial year 2020-21.
According to the provisional payroll data published by the EPFO, the subscriber base of EPFO increased by around 8.47 lakh members during the first quarter. Though the Covid-19 pandemic outbreak had adversely affected the enrolments in April and May, 0.20 lakh and 1.72 lakh net new subscribers were added to social security schemes of EPFO in these two months. However, June saw speedy recovery with addition of 6.55 lakh net subscribers, registering a remarkable 280% month-on-month growth. This is to be noted that the EPFO manages social security funds of w...
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