The provisional payroll data of EPFO published on 20th February, 2021 highlights a positive trend for net subscribers base growth with addition of 12.54 lakh subscribers in the month of December, 2020.
The data reflects increase of 44 % in net subscribers addition over the previous month of November, 2020. Year on year comparison of payroll data shows 24% growth for December 2020, indicating return to the pre-Covid levels of subscriber growth for EPFO.
Despite COVID-19 pandemic, EPFO added around 53.70 lakh subscribers during the first three quarters of the current financial year. The 3rd quarter of current financial year has registered a robust 22% growth over the 2nd quarter in terms of net payroll addition.
Growing payroll numbers and the accelerated expansion of the subscription base may partly be attributed to recent e- initiatives taken by EPFO for seamless and uninterrupted service delivery in addition to the policy support for trend in EPFO.
Since April, 2018 EPFO has been releasing payroll data covering the period September 2017 onward. The data of exited members is based on submitted by individuals/establishments and the exit data uploaded by employers, the claims the whereas number of new subscribers is based on the Universal Account Number (UAN) generated in the system and have received non-zero subscription. The payroll data is provisional since the data generation and updation of employee record is a continuous process.
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