Categories: Business

EPFO records 6.55 lakh net new enrolment in June

Photo: EPFO

EPFO

new Delhi. In June, new registrations in the Employees Provident Fund Organization (EPFO) rose to 6.55 lakhs as against a mere 1.72 lakhs in May this year. These figures indicate the employment situation in the organized sector in the current era of Kovid-19 crisis. The latest data based on EPFO's regular pay register i.e. payroll, has revealed this information. The provisional payroll data released last month had said net registration of 3.18 lakh people in May. It has now been revised to 1,72,174.

According to EPFO ​​data released in May, the number of new registrations fell to 5.72 lakh in March 2020 from 10.21 lakh in February. According to the latest data released on Thursday, the new registrations in April were only 20,164 while in provisional figures released in July, the number was one lakh. Purely EPFO ​​has an average of about seven lakh new registrations every month. According to the data, the total number of new subscribers increased to 78.58 lakh during the financial year 2019-20 which was 61.12 lakh in the previous financial year.

EPFO has been releasing new shareholder data since April 2018. It takes data from September 2017. According to 'payroll' data, 1.63 crore new shareholders joined EPFO ​​during September 2017 to June 2020. The total number of shareholders associated with the Employees Provident Fund Organization is more than six crore.

This post was published on August 20, 2020 10:02 pm

Content Team

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