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EPFO Adds 15.29 Lakh Net Subscribers In January 2022

Of the total 15.29 lakh, net subscribers added during the month, around 8.64 lakh new members have been registered under the social security ambit of EPF and MP Act, 1952 for the first time

Photo Credit : PTI

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The provisional payroll data of the Employees Provident Fund Organisation (EPFO) has added 15.29 lakh net subscribers during January 2022, according to the data released by the Ministry of Labour and Employment on Sunday. 

According to the press statement, the month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January 2022 as compared to the net additions during the previous month of December 2021.

Of the total 15.29 lakh, net subscribers added during the month, around 8.64 lakh new members have been registered under the social security ambit of EPF and MP Act, 1952 for the first time. 

Approximately 6.65 lakh net subscribers left but re-joined EPFO by continuing their membership with EPFO instead of opting for final withdrawal. The payroll data also reflects a declining trend in the number of members exited since July 2021, it said. 

As per age-wise comparison of payroll data, the age group of 18-25 years has registered the highest number of net enrolments with 6.90 lakh additions during January 2022, which is around 45.11 per cent of total net subscribers added during the month. This is followed by the age group of 29-35 years with a healthy addition of around 3.23 lakh net enrolments.

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 9.33 lakh subscribers during the month, which is around 61 per cent of total net payroll addition across all age groups, added ministry in the statement.