EPFO added 8.92 lakh new subscribers in September
EPFO’s latest provisional payroll data released on Monday highlighted that the provident fund organisation added 17.21 lakh net subscribers in the month of September.
EPFO’s latest provisional payroll data released on Monday highlighted that the provident fund organisation added 17.21 lakh net subscribers in the month of September.
The Minister stated that EPFO had extended the Act's provisions to the working class of Jammu and Kashmir, effective from 31 October, 2019.
The number of new monthly subscribers under the employees' provident fund (EPF) saw a rise of close to 10 per cent to 10.14 million in June, up from 927,703 in May.
It is worth mentioning here that over the years, the Finance Ministry has questioned the high rate retained by EPFO and has been trying to reduce it to a sub-8 per cent level.
The year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December 2022 as compared to the corresponding month during the last year.
Net membership of females in organised workforce grew by 7.90 per cent in November 2022 as compared to November 2021.
A total of 986,850 people subscribed to employee provident fund during the month of August, an 11 per cent decline in comparison to the previous month, data released by the Ministry of Statistics and Programme Implementation on Tuesday showed.
The Central Board has recommended an 8.10% rate of interest to its subscribers for the year 2021-22. The decision was taken in the 230th meeting of the Central Board of Trustees, EPF was held today during the AKAM Iconic Week in Guwahati under the Chairmanship of Bhupendra Yadav, Union Minister for Labour & Employment and Environment.
The payroll data is provisional since the data generation is a continuous exercise, as updation of employee record is a continuous process.
The net subscriber additions have increased by 1.81 lakh as compared to the previous month of August when it was 13.60 lakh.
