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EPFO: 12.54 lakh net new subscribers added in December

EPFO: 12.54 lakh net new subscribers added in December
EPFO started crediting 8.5% interest for 2019-2020 to around six crore EPF subscribers in December
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The net new enrolments with EPFO increased 24% year-on-year in December, the data showed
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Net employment generation in the formal sector stood at 12.54 lakh in December according to the latest Employees Provident Fund Organisation (EPFO) payroll data. The net new enrolments with EPFO increased 24% year-on-year in December, the data showed.
The provisional payroll data of Employees Provident Fund Organisation (EPFO) highlights a positive trend for net subscribers base growth with addition of 12.54 lakh subscribers in December, 2020, the labour ministry said in a statement. The data also highlighted a jump of 44% in net subscribers addition over the previous month of November, 2020. ....

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