A total of 986,850 people subscribed to employee provident fund during the month of August, an 11 per cent decline in comparison to the previous month.
Retirement fund body EPFO (Employee Provident Fund Organisation) will consider and approve a proposal for setting up a central pension disbursal system in its meeting on July 29 and 30, paving the way for crediting the benefit into over 73 lakh pensioners' bank accounts in one go across India.