EPFO added 77.08 lakh net subscribers in 2020-21

The highest net additions were in the age group of 22 to 25 years, with 3.14 lakh subscribers from the category joining in March.

The Employees Provident Fund Organisation (EPFO) on Thursday said it had added around 11.22 lakh net subscribers in March 2021, taking the total net additions in financial year 2020-2021 to 77.08 lakh. “Despite the COVID-19 pandemic, cumulative net payroll addition for FY 2021 is almost at par with last year, with 77.08 lakh net additions to the subscriber base. Quarterly analysis of payroll for the FY 2020-21 indicates that net subscribers addition improved consistently from second quarter after taking a hit in the first quarter due to crisis of COVID-9 pandemic,” the EPFO said. Of the 11.22 lakh net additions in March, about 7.16 lakh were new members joining for the first time, it said. The EPFO statement said the highest net additions were in the age group of 22 to 25 years, with 3.14 lakh subscribers from the category joining in March.