EPFO Adds 1.39 Crore Subscribers in Last Two Financial Years
Recently published provisional payroll data by EPFO highlights the ever-growing trend of increasing subscriber base for EPFO, since the collation of payroll data from September 2017. The payroll data presents the consolidated annual figures for 2018-19 and 2019-20. Net addition to subscriber base rose from 61.12 lakh added in 2018-19 to 78.58 lakh in 2019-20, registering a 28 per cent growth. The data published comprises of all the new members who have joined during the month and whose contribution is received.