EPFO net new enrolments dip to 10.11 lakh in November

Mumbai: Net new enrolments with retirement fund body EPFO slipped to 10.11 lakh in November from 10.56 lakh in October 2020, according to its latest payroll data released on Wednesday, providing a perspective on formal sector employment amid the coronavirus pandemic.

Provisional payroll data released by the Employees’ Provident Fund Organisation (EPFO) last month had shown that net new enrolments were at 11.54 lakh in October 2020.

The provisional payroll of EPFO released today reveals that it has added around 10.11 lakh net subscribers in the month of November, 2020. Despite the Covid-19 pandemic, EPFO has added around 45.29 lakh net subscribers base in the current financial year (from April to November, 2020).

 

NT Bureau